GST OUTPUT LIABILITY
This query is : Resolved
03 October 2019
Sir we have wrongly taken output liability under the head IGST and now we want to reverse the same but we are not able to do so because we are not having any interstate sale and consequently no IGST liability in further months and 3B does not allow to enter the negative figures being reversal of output liability So should we take the input under the head IGST in case we are not able to reverse the output liability?
03 October 2019
There is no such provision in gst law to take itc of tax paid wrongly.
As per section 19 IGST Act, if IGST wrongly paid , refund can be claimed as per CGST Act section 54. You need to apply for refund as per my view.
As per section 19 IGST Act, if IGST wrongly paid , refund can be claimed as per CGST Act section 54. You need to apply for refund as per my view.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- RELATED TO TRIBUNAL APPEAL
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Sec 44ada applicable only or both
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- GST Rate for Catering Services
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
