i have claimed itc twice for a bill !!
how to cancel that ??
where and when you claim...?
explain with details
12 Replies
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 20 July 2018
You can reverse the excess tax amount in April month GSTR 3B return...
In April : Actual ITC values (-) mistake value = Enter ITC values.
In April : Actual ITC values (-) mistake value = Enter ITC values.
Shabeer Cr
(60 Points)
Replied 20 July 2018
i have only noticed this error right now !! im going to file junes 3b right now and their is no purchase in this month !!
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 20 July 2018
Oh okay no problem...
You ll reverse in GSTR 3B under
4 (B) (2)- others... and you ll pay interest @ 24% for wrongly claimed ITC...
You ll reverse in GSTR 3B under
4 (B) (2)- others... and you ll pay interest @ 24% for wrongly claimed ITC...
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 20 July 2018
Yes... Utilize or Not if You are enter excess ITC then the interest is applicable...
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 20 July 2018
Yes... Utilize or Not if You are enter excess ITC then the interest is applicable...
Vinod Babu
(24191 Points)
Replied 20 July 2018
Yes, interest is applicable for wrong claiming excess ITC
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