Adjustment of itc after opting for composition levy.

Caclubuser (Accountant)     18 June 2019

 1 likes  54 points

| My Other Post

I wrongly claimed ITC in the CGST/SGST column instead of IGST column in the GSTR3B of Aug, 18 and thereafter utilized the ITC. I opted for Composition levy w.e.f 1St October, 2018. The mistake was caught in the Month of April, 19. Is there any way to reverse the wrong ITC of CGST/SGST and claim ITC of IGST of the same amount to nullify my mistake?


Prasad Royals   18 June 2019

Prasad Royals

 1 likes  79 points

View Profile | My Other Post

You reverse the ITC and pay interest 18%, and you can't claim ITC mean igst because it lapsed


subhagan sreerangam   11 August 2019

subhagan sreerangam

 193 likes  6469 points

View Profile | My Other Post

good clarification and information

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Popular Discussion

view more »