Wrongly took igst input tax credit

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cjsm cj (Querist)
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21 August 2018 Hello will you please tell me how to reverse the IGST input tax credit.. i inputed 219742 rs,, IGST ITC Wrongly actually i dont have any figures in IGST field but inputed some value in IGST Field in all other ITC. and i got that amount in electronic credit ledger as rupees 219742.. now i need to corrent it in next month.. pls guid me on this... is there any fenalty or interest...

M.M Sachora

M.M Sachora (Expert)
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21 August 2018 just inputted IGST figure in next month under Eligible ITC column (B) ITC Reverse sub column(2) others

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cjsm cj

cjsm cj (Querist)
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21 August 2018 thats it sir ?... is there any fenalty or interest which i should face...? is there any other problem by doing so...?

Vishakha Kejriwal.

Vishakha Kejriwal. (Expert)
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21 August 2018 No penalty since you have not utilized the same.

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cjsm cj

cjsm cj (Querist)
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23 August 2018 Thank you so much madam and thank you very much sir...

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