Question ID :
36938
Blocking of ITC wrongly Availed in Earlier Tax Period
GSTR-3B for the Month of June 2018 is filled with Wrong ITC which is more then the Actual eligible ITC. Now while filling GSTR-3B for the month of December 2018, can we show it under blocked credit ?. Such Excess Input tax credit has not be utilised so far. Should we pay any Interest?
Posted by
Harish
on
Jan 20, 2019
Filed Under
GST
Yes interest is payable since it is to be calculated on incorrect availment and not incorrect utilization. and do not reverse it under blocked credits, there a column for other reversals, you may reverse it there.
Posted by
Ashish Kumar Goyal on
Jan 21, 2019