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Rate of Interest for Excess ITC, Goods and Services Tax - GST

Issue Id: - 115580
Dated: 23-10-2019
By:- Rajendra Prasad

Rate of Interest for Excess ITC


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Dear Sir/Madam,

What is the rate of interest to be paid on revsersal of excess ITC is claimed .

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 24-10-2019
By:- Shilpi Jain

18% if the reversed ITC is something which was also utilised.


2 Dated: 25-10-2019
By:- Ganeshan Kalyani

18% , to be calculated on day basis from due date till the date of payment.


Page: 1

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