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All QuestionsCategory: GST CompliancesExcess ITC CLAIM
Profile photo of Nishant ModiAdvocate Nishant Modi asked 3 weeks 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.

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2 Answers
Profile photo of dhaval bhalodiadhaval bhalodia answered 6 days ago

yes, you can reverse the ITC, and pay interest in cash and setoff in DRC-03

Profile photo of dhaval bhalodiadhaval bhalodia answered 6 days ago

 yes, you can reverse the ITC, and show interest liability in 3b and pay in cash.