Wrong ITC claimed
This query is : Resolved
Chithu.E.K
(Querist)
20 August 2022
Hello sir
One of our client filed GST return on April-June quarter 2021 by claiming wrong IGST input of Rs 21,000/-. He found the error and untilized the wrong ITC. But in last quarter return i.e. April -June 2022 he claimed the wrong ITC of Rs 21,000/-.should they use the DRC-03 to reverse the wrong ITC and how to calculate the interest amount
One of our client filed GST return on April-June quarter 2021 by claiming wrong IGST input of Rs 21,000/-. He found the error and untilized the wrong ITC. But in last quarter return i.e. April -June 2022 he claimed the wrong ITC of Rs 21,000/-.should they use the DRC-03 to reverse the wrong ITC and how to calculate the interest amount
CA R SEETHARAMAN
(Expert)
20 August 2022
Reverse it through current month gstr 3b.
Pay interest from April 2022 when it's utilised.
Pay interest from April 2022 when it's utilised.
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