23 October 2021
We have taken igst credit on insurance payment in June 2021 gstr return. We want to reverse this IGST CREDIT. THERE are two options in return. One is Itc reversed and other is ineligible Itc. Which option should I go for? Pl clarify?
24 October 2021
There are 2 options in ineligible ITC 1) as per section 17(5) and 2) others. Which option we have to show? And how will we make the payment? How will we calculate and pay the interest at which rate?