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Reversal - Input

Whats the time limit for reversing excess input claimed .


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

28-Jan-21 19:08

13

Answers (10)

Depends on type of reversal


Suraj Lakhotia

Suraj Lakhotia

Admin

29-Jan-21 06:14

I ask about , doubling the input by data entry mistake ?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

29-Jan-21 08:27

I ask about , doubling the input by data entry mistake ?

If the input tax credit is wrongly claimed, then it should be reversed by making payment to that extent next month.


sudha reddy

sudha reddy

Moderator

29-Jan-21 10:47

Making payment?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

29-Jan-21 23:08

Making payment?

Add to output tax liability and all ITC reversals which increase output tax liability are required to be paid.


sudha reddy

sudha reddy

Moderator

29-Jan-21 23:28

But reduce the excess input availed , if have input availed !


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

29-Jan-21 23:32

But reduce the excess input availed , if have input availed !

Could you clarify what is the query in this


sudha reddy

sudha reddy

Moderator

01-Feb-21 08:18

If no output tax liability , then can reduce from actual input avilable?


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

02-Feb-21 09:56

Thank u


BALAMURALI UNNITHAN M S

BALAMURALI UNNITHAN M S

CA Inter

2K+

03-Feb-21 09:13

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