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
10 Replies
pritesh
(CA Final student)
(7101 Points)
Replied 21 December 2018
You have to reverse with the interest 24%
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 21 December 2018
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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