{"id":12148,"date":"2018-06-12T12:50:50","date_gmt":"2018-06-12T07:20:50","guid":{"rendered":""},"modified":"2018-06-12T12:50:50","modified_gmt":"2018-06-12T07:20:50","slug":"applicable-rate-of-interest-on-itc-reversal-of-audit-point-prior-to-gst-now-to-make-payment","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=12148","title":{"rendered":"Applicable rate of interest on ITC reversal of Audit point prior to GST now to make payment"},"content":{"rendered":"<p>Applicable rate of interest on ITC reversal of Audit point prior to GST now to make payment<br \/> Query (Issue) Started By: &#8211; karunakar reddy Dated:- 12-6-2018 Last Reply Date:- 13-6-2018 Central Excise<br \/>Got 1 Reply<br \/>Central Excise<br \/>Dear Sir\/Madam,<br \/>\nwe have been recently audited of records prior to GST, in this we have to reversal of ITC now along with interest. please let us know the applicable rate of interest for the same.<br \/>\nReply By SHIVKUMAR SHARMA:<br \/>\nThe Reply:<br \/>\nRate of Interest is 15%<br<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/forum\/issue?id=113847\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applicable rate of interest on ITC reversal of Audit point prior to GST now to make payment Query (Issue) Started By: &#8211; karunakar reddy Dated:- 12-6-2018 Last Reply Date:- 13-6-2018 Central ExciseGot 1 ReplyCentral ExciseDear Sir\/Madam, we have been recently audited of records prior to GST, in this we have to reversal of ITC now &hellip; <a href=\"https:\/\/goodsandservicetax.in\/GST\/?p=12148\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Applicable rate of interest on ITC reversal of Audit point prior to GST now to make payment&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12148","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12148"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/12148\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}