ITC AVILED BUT NOT UTILIZED

[Rauf Khan]

With Due Respect I want to say that at the time of filling November GSTR-3B . I wanted to take ITC ₹ 5817623 but due to typical mistake I put the value ₹ 58173623 although in the month of January I reversed all excess ITC which I put wrongly even I did not utilized any excess ITC. When I concerned about this matter with my jurisdiction officer he told me you need to deposit interest on reversed ITC but when I calculate it is very high and I am not able to give such interest.

Please guide me so that i can get relief from this problem

AI Summary

Individual Faces Interest Demand for Excess ITC Claim; Advisor Suggests Applying for Relief Under Bombay HC Directive An individual mistakenly claimed an excessive Input Tax Credit (ITC) of 58,173,623 instead of 5,817,623 on their GST return. Although the excess ITC was reversed without utilization, the jurisdiction officer demanded interest on the reversed amount. An advisor suggested that, as per a Bombay High Court directive, the individual should manually apply for relief, citing the error as unintentional. The court had previously directed the government to allow rectification for similar errors. The advisor recommended meeting with a higher departmental officer to resolve the issue and avoid interest charges.