Dealer reconciliation 2a and books itc monthly mentioned
Dealer input credit claim as per 2a Rs:5 lacs and input credit claim as per books Rs:4 lacs for one month
Dealer input credit claim as per 2a Rs:2 lacs and input credit claim as per books Rs:3 lacs for one month
Question:
Dealer difference amount interest charged compulsory or not compulsory.
Sundaraiahk@gmail.com Asked question November 8, 2020
Remember you can avail ITC beyond the amount of eligible credit in GSTR-2A to the extent of 10% of such eligible credit, towards invoices not appearing in GSTr-2A.(Rule 36(4) of the CGST Rules).
Beyond this , if ITC is availed, you need to pay Interest @ 18% p.a. if you have utilised such excess credit.
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Frah Saeed Changed status to publish November 8, 2020