https://www.taxtmi.com/forum/issue?id=119315 Regularise excess ITC utilised in breach of Rule 86B by making a voluntary deposit through DRC 03 under Section 73, stating that 100% ITC was wrongly used and the shortfall is being corrected by cash ledger remittance; provide for interest under Section 50 for the shortfall period and specify the GSTR 3B month in which the 1% re credit is availed. Subsequently claim the recredited amount in the relevant GSTR 3B and intimate the department of the correction. en-us Sat, 21 Sep 2024 12:14:56 +0530 Fri, 24 Jan 2025 10:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119315 Regularise excess ITC utilised in breach of Rule 86B by making a voluntary deposit through DRC 03 under Section 73, stating that 100% ITC was wrongly used and the shortfall is being corrected by cash ledger remittance; provide for interest under Section 50 for the shortfall period and specify the GSTR 3B month in which the 1% re credit is availed. Subsequently claim the recredited amount in the relevant GSTR 3B and intimate the department of the correction. Discussion-Forum GST Sat, 21 Sep 2024 12:14:56 +0530 https://www.taxtmi.com/forum/issue?id=119315