ITC mismatch interest apportionment records reduction when reclaimed, with taxpayer-wise reporting of IGST and credit note details. Interest previously apportioned on account of a mismatch relating to ITC or a credit note is reduced when later reclaimed. The report records ... Summary
ITC mismatch interest apportionment records reduction when reclaimed, with taxpayer-wise reporting of IGST and credit note details.
Interest previously apportioned on account of a mismatch relating to ITC or a credit note is reduced when later reclaimed. The report records taxpayer-wise details such as GSTIN, trade name, category of IGST available for distribution, original invoice or credit note number, date of original apportionment, reclaim date, amount of interest reclaimed, and the SGST/UTGST and CGST portions of IGST.
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