Whats the time limit for reversing excess input claimed .
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.
Add to output tax liability and all ITC reversals which increase output tax liability are required to be paid.
But reduce the excess input availed , if have input availed !
Could you clarify what is the query in this
If no output tax liability , then can reduce from actual input avilable?