IGST input claimed instead of CGST and SGST

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This query is : Resolved

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A user mistakenly claimed IGST input tax credit instead of CGST and SGST for March 2018. They discovered this error while filing their annual return for 2018-19. The advice given is to reverse the incorrect IGST claim. If the wrongly claimed IGST was used to offset outward tax liability, the user will need to pay the correct CGST and SGST liabilities along with applicable interest.

Mohitjain

Mohitjain (Querist)
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10 April 2020 For the month of March 2018, i have claimed IGST input instead of CGST and SGST.
Now in April 2020 while filing annual return for 2018-19 it came to knowledge.

Pls suggest what show i do.

CA Suresh Jain

CA Suresh Jain (Expert)
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11 April 2020 reverse IGST input and claim CGST and SGST. No interest payable if you have not utilised IGST

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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11 April 2020 Yes, reverse the wrong ITC claimed in your return.
Pay the CGST & SGST liab with interest if the IGST input was set off with any outward tax liability.

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