Wrong credit taken

ITC / Input 299 views 4 replies
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Student
122 Points Joined March 2017
What if a person had taken excess credit by mistake in the month of january. What to do now?
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On 17 March 2018 at 21:01 Report
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274 Points Joined June 2017
issue debit note in the return of the month the defect was identified and reverse the credit and pay interest as per section 50 from the 21st of january till the return for the relevant month the defect is identified and filed
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On 17 March 2018 at 21:14
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GST Practitioner
55067 Points Joined June 2017
Rate of intt. is 24% in case excess ITC wrongly avail
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On 17 March 2018 at 21:48
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99 Points Joined March 2017
You can modified in return gstr-3

it is only gstr-3b
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On 17 March 2018 at 22:28
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Student
122 Points Joined March 2017
Thank you all for your valuable suggestions
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On 18 March 2018 at 04:14


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