ITC Reversal Of Common Credit

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..... In case of reversal of ITC under Rule 42 on common credit taken against exempt as well as taxable supplies,the rate of interest payable on delayed reversal of common credit will be 18% or 24%? - R .....

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..... eply By CSSANJAY MALHOTRA - The Reply = 18% as per Section 50(1) of CGST Act . (relevant section specified in Rule 42 of CGST Rules 2017 ) - Reply By Ganeshan Kalyani - The Reply = 18% int .....

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..... erest rate is applicable. - ITC Reversal Of Common Credit - Query Started By: - Kaustubh Karandikar Dated:- 13-9-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowle .....

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..... dge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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