Import IGST claimed twice erroneously in FY 20-21

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This query is : Resolved

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This discussion addresses the erroneous double claim of IGST on imported goods during FY 2020-21. The recommended solution involves reversing the wrongly claimed amount. This can be done by reducing the Input Tax Credit (ITC) in the current period or by making a payment through DRC-03, including any applicable interest. The advice suggests that showing the reversal in the ITC reversed tab of GSTR-3B might not be the most effective method.

Tide

Tide (Querist)

29 September 2021 IGST ₹11,00,000 on goods imported was erroneously claimed twice in FY 2020-21 - once in June, and once in November.
How to resolve the same? Can I show it in ITC reversed tab in GSTR3B and pay it off in September 2021 return? Or do I pay it when filing GSTR9 for FY 2020-21. If through GSTR9, how do I disclose the reversal of wrongly claimed IGST on imports?

Thank you.

Udaya Chandran

Udaya Chandran (Expert)

29 September 2021 You can reduce the ITC to the extent of wrongly claimed in the current period instead of showing it in the reversal column in GSTR 3B as this is not taking into the account and reduce the ITC balance. Also if you've utlised the ITC against liability, you can make interest payment through DRC-03.