Forums

Itc

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??


joes naveen

joes naveen

CA Final

0

13-Oct-21 11:19

245

Answers (1)

Best Answer

Any ITC missed can be claimed in next month. Not to worry. ð???


Shiva Teja

Shiva Teja

Faculty

14-Oct-21 11:27

Individual Modules Offer
AFM Marathon