Itc wrongly taken twice but not utilised

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This query is : Resolved

Jai Prakash Jha (Querist)
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25 January 2018 Dear Sir,

I filled TRANS-1 in Nov-17 where there was a service tax input credit approx 20 mln and at the same time while filing GSTR 3B for the Nov-17 i reported the same amount as ITC considering the credit for that month under GST but after some time when i refer the availavable credit on GSTN portal i came to know that there is double credit even though we have not actually utilised the credit twice.

now i understand that i shouldn't have reported this credit under 3B, so please help me how to correct this mistake.

Regards
JAI Prakash

Udaya Chandran

Udaya Chandran (Expert)
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25 January 2018 If you can edit, you can reverse the credit or reverse the same in the next month 3B.

Jai Prakash Jha

Jai Prakash Jha (Querist)
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26 January 2018 Thank you very much sir for the reply, but the problem is that if I go reversal they ask for payment either by cash or by itc , how to resolve this or any other way ?

Udaya Chandran

Udaya Chandran (Expert)
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27 January 2018 It is not possible. TRAN 1 credit reversal cannot be paid by cash or adjust in ITC.

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