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TMI BlogRULE 86B - UTILISED 100% ITCX X X X Extracts X X X X X X X X Extracts X X X X ..... If a person not followed rule 86B and utilized 100% ITC instead of 99%, after realising person want to deposit 1% Tax cash trough DRC-03 , My question is what section should be selected during deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1% Tax through DRC-03 . - Reply By RaamSrinivasan Kalpathi - The Reply = Please mention remittance as voluntary and under Section 73 of CGST Act, 2017. In the reasons window a note may be added to th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e effect that RTP had erroneously utilised 100% ITC instead of 99% in violation of Rule 86B and that the same is now being sought to be corrected by way of remittance of 1% tax through the cash ledger ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... with interest u/s. 50 for the shortfall period. You may also mention the month of GSTR-3B Returns in which re-credit (1% excess utilised from credit ledger) is being availed. Thanks - Reply By PAWAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... KUMAR - The Reply = Voluntary payment please do not forget to mention the remark - Reply By Shilpi Jain - The Reply = Do not forget to take back the 1% credit that you have paid extra. Take this in yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ur GSTR-3B and make an intimation to the department. - RULE 86B - UTILISED 100% ITC - Query Started By: - Fahiyaz Ahmmed Dated:- 21-9-2024 Last Replied Date:- 23-9-2024 Goods and Services Tax - GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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