reversal of itc

company has take ITC inadvertently.
now want to reverse it suo Moto
what is rate of interest and penalty to be paid.
it is related to 2017_18
Replies (10)
You have to reverse with the interest 24%

reverse it rte 24%

no penalty or any late fee

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

late fee will arise if you file ur return late.

if you reverse it with interest no penalty wud b levied. however if the deparment gets hold of it it may levy penalty too. so its better that you reverse it as soon as possible 

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