Advocate Nishant Modi asked 5 years ago
Excess ITC CLAIM
I have taken excess ITC in Financial Year 2018-19 and have not reversed it till December 2019 can I reverse that excess ITC in Jan 2020 return.
Answer the question2 Answers
dhaval bhalodia answered 5 years ago
yes, you can reverse the ITC, and pay interest in cash and setoff in DRC-03
dhaval bhalodia answered 5 years ago
yes, you can reverse the ITC, and show interest liability in 3b and pay in cash.
