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Indirect Taxation
Itc recognized in books = rs 4500 GRTR - 2B = 3000 Therefore, itc availed in GSTR-3B =3000+5%=3150 150 is provisional itc .it should be match in future In future , -5% is greater than the actual itc = we should reverse with interest @18 %p.a -5% is less than the actual itc = what sir? Can u explain briefly??
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