18 November 2019
GOOD EVENING ALL, IN THE MONTH OF DEC'18 I HAVE CLAIMED CGST(5,00,000) AND SGST(5,00,000) INSTEAD OF IGST(10,00,000). HOW TO RIVERSE THIS WRONG CALIM IN THE MONTH OF SEP '2019 RETURN ? I DONT HAVE ENOUGH CGST AND SGST BALANCE TO RIVERSE THIS CALIM SINCE WE GET ONLY IGST INPUT. SINCE I DON'T HAVE ENOUGH CGST AND SGST BALANCE CAN I RIVERSE THE SAME WITH IGST BALANCE AS LIKE WE SET OFF WHILE PAYING OUTPUT?
19 November 2019
reversing the wrong claim in 3B does not depend on enough balance in that head. Claim your correct IGST input under IGST head and reverse simultaneously CGST and SGST. This way system will compute the liability and you can discharge the same.
19 November 2019
I appreciate your quick reply. But when i tried to reverse SGST and CGST it is showing negative value since it does'nt have enough credit balance? Does system will accept to offset with negative balance?
CAclubindia
