Wrong ITC claimed
This query is : Resolved
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
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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