What is the rate of interest in case of undue or excess claim of ITC ?

Related MCQs

• Suppose Mr. Z has a credit of ` 15 lakhs in his ITC ledger and at the same time, he has an interest arrears dues of ` 16 Lakhs and penalty dues of ` 12 lakhs. If so, how much Mr. Z has to deposit to settle the above interest and penalty dues?
• Where the supplier of taxable goods receives an amount upto in excess of the amount indicated in the tax invoice, the time of supply to the extent of such excess amount shall, at the option of the said supplier, be the date of issue of invoice in respect of such excess amount.
• The supply of goods to SEZ unit is treated as in the hands of the supplier for eligibility of ITC.
• ITC can be taken on goods if goods not received by registered person but
• ITC can be availed on
• Maximum time limit for availing ITC is
• ITC can be claimed by a registered person for
• Who will take registration on services in relation to transportation of goods (including used household for personal use) if, GTA avails ITC on supplies made by him
• Cross utilization of ITC is not allowed between :
• ITC includes tax payable also.