GSTR-9 : WAIVE OF INTEREST & UNCLAIMED ITC
This query is : Resolved
27 August 2022
Dear all experts,
One new client came with issues for filing of GSTR-9 for the financial year 2017-18. the issues are;
1. He claimed 23 lakhs ITC in IGST in F.Y 2017-18 by mistake and reversed it in F.Y.2018-19.
2. He not claimed ITC of CGST & SGST of Rs.4.50 Laksh Each in F.Y 2017-18. due to non availability of GSTR-2A.
My question : 1. Is there any option for waive of interest on such ITC.
2. How to Claim the remaining ITC of CGST & SGST.
The department already issued notice to the dealer, and he is not ready to pay the interest and stated that the site is not working properly at that time.
Before filing of GSTR-9, awaiting for more suggestion from the experts.
thanks & regards
Ganesh
One new client came with issues for filing of GSTR-9 for the financial year 2017-18. the issues are;
1. He claimed 23 lakhs ITC in IGST in F.Y 2017-18 by mistake and reversed it in F.Y.2018-19.
2. He not claimed ITC of CGST & SGST of Rs.4.50 Laksh Each in F.Y 2017-18. due to non availability of GSTR-2A.
My question : 1. Is there any option for waive of interest on such ITC.
2. How to Claim the remaining ITC of CGST & SGST.
The department already issued notice to the dealer, and he is not ready to pay the interest and stated that the site is not working properly at that time.
Before filing of GSTR-9, awaiting for more suggestion from the experts.
thanks & regards
Ganesh
CA Puja Sharma
(Expert)
27 August 2022
If the ITC was utilised to pay GST liability, then interest has to be paid on reversing the wrongly claimed ITC.
In my opinion, you cannot claim the unclaimed ITC of CGST & SGST pertaining to FY 2017-18.
In my opinion, you cannot claim the unclaimed ITC of CGST & SGST pertaining to FY 2017-18.
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