Wrong ITC Claimed
Karishma Agarwal (46 Points)
03 October 2020
If Someone Has Claimed ITC Of Taxable Value By Mistake What Are the options To Amend The Same??
6 Replies
Santosh Hegde
(133 Points)
Replied 03 October 2020
In next month return (3B) reverse the wrong amount claimed in current month return in ITC table.
Santosh Hegde
(133 Points)
Replied 03 October 2020
Interest will be applicable at 24% rate on excess itc claimed.
Santosh Hegde
(133 Points)
Replied 03 October 2020
No other option..If u find int amount too high then jst reverse the excess itc and don't pay int.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 04 October 2020
Interest Will Be Too High.. Any Other Options?
Are you asking for discount.
Bhaiyaa bahot mahega he... thoda discount kar do
.....hahaa😂🤣
just kidding
Are you asking for discount.
Bhaiyaa bahot mahega he... thoda discount kar do
.....hahaa😂🤣
just kidding
Recent Topics
- Returns date of filling gstr1 3b
- GST Portal is Live Now
- How to download TeraBox Mod Apk
- ITR for Stamp Duty and Registration Charges for Tr
- RCM on Rent Paid by Composition Dealers
- Development Cess and RCM
- Mistake in challan 26 QC while depositing TDS for
- Query on tax deduction on source
- Need help regarding a non-functioning Private Limi
- RCM on payent of rental charges of commercial prem
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
