https://www.taxtmi.com/forum/issue?id=118919 Where duplicate or wrongly availed Input Tax Credit has been utilised, correct ITC figures should be filed so the annual return shows a negative reconciliation balance, and the undue credit paid using DRC-03 with appropriate remarks. Alternatively, reversal may be made in a subsequent periodic return, but interest for the delayed period must be paid in cash through DRC-03. en-us Thu, 28 Dec 2023 11:37:21 +0530 Fri, 24 Jan 2025 10:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118919 Where duplicate or wrongly availed Input Tax Credit has been utilised, correct ITC figures should be filed so the annual return shows a negative reconciliation balance, and the undue credit paid using DRC-03 with appropriate remarks. Alternatively, reversal may be made in a subsequent periodic return, but interest for the delayed period must be paid in cash through DRC-03. Discussion-Forum GST Thu, 28 Dec 2023 11:37:21 +0530 https://www.taxtmi.com/forum/issue?id=118919