What will be the effect of wrongly claimed ITC?

What will be the effect of wrongly claimed ITC?

Asked on November 7, 2017 in Miscellaneous.
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1 Answer(s)

Reverse the credit in 3B in the month it’s identified. There is a section in the input credit section for credit reversal for wrongly claimed credit.

Answered on December 23, 2017.
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Gen GST