Rate of Interest for Excess ITC

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..... Rate of Interest for Excess ITC
Query (Issue) Started By: - Rajendra Prasad Dated:- 23-10-2019 Last Reply Date:- 25-10-2019 Goods and Services Tax - GST
Got 2 Replies
GST
Dear Sir/Madam, .....

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..... What is the rate of interest to be paid on revsersal of excess ITC is claimed . Reply By Shilpi Jain: The Reply: 18% if the reversed ITC is something which was also utilised. Reply By Ganeshan Kal .....

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..... yani: The Reply: 18% , to be calculated on day basis from due date till the date of payment.
Discussion Forum - Knowledge Sharing .....

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