IGST REVERSAL DRC03

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This query is : Resolved

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This discussion addresses a common query regarding IGST reversal for credit notes when goods are purchased in one state (Telangana) and sold in another (Andhra Pradesh). The key point is that the Place of Supply (POS) for IGST reversal is determined by the buyer's location (Andhra Pradesh), not the supplier's. A user mistakenly filed a DRC-03 form indicating Telangana as the POS and is now seeking guidance on how to rectify this error, as direct rectification is not possible.

Laxman

Laxman (Querist)
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24 June 2021 Mr A registered in andhrapradesh & purchase goods from telangana to sell in Andhra pradesh.

he forgot to reverse ITC for credit notes inrespect of those goods and want to do it now,

while doing it asking for place of supply for IGST reversal. all my goods was purchased from telangana only.

*** SO WHAT IS PLACE OF SUPPLY- TELANGANA OR ANDHRAPRADESH

CA Altamush Zafar

CA Altamush Zafar (Expert)
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24 June 2021 Place of Supply is Andhra Pradesh

Laxman

Laxman (Querist)
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25 June 2021 ONE CONSULTANT SAID I NEED TO REVERSE TO TELANGANA AND I HAVE DONE SO FOR F.Y. 17-18 WHAT TO DO NOW..?

FEELING PANIC

ACTUALLY CREDIT NOTES ARE RECEIVED FROM TELANGANA SUPPLIER ONLY HOW CAN I PAY TO ANDHRAPRADESH

CA Altamush Zafar

CA Altamush Zafar (Expert)
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25 June 2021 The provisions of supply are always read from suppliers perspective. The supplier is in Telangana supplying in Andhra Pradesh therefore POS will be Andhra Pradesh.
For further query you can mail me.