I need to pay igst but by mistake paid in cgst & sgst , now what are the options for reducing That igst liability . I am thinking igst increased and reduce the cgst&sgst in the next is it possible ,kindly help me
thank you in advance
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Gst paid in wrong head
Replies (4)
sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification
@ Mahesh
apply the refund for the cgst/sgst wrongly deposited & deposit the igst
apply the refund for the cgst/sgst wrongly deposited & deposit the igst
Adjustments of ITC of CGST/SGST with IGST possible, but adjustment of cash deposited not possible. Therefore, you have to pay IGST and claim for refund of CGST/SGST paid.
@ Dastagiri
Reverse the same in your subsequent 3B under table Row 4(B)(2)
Note : Deposit interest @ 24℅ interest on same as per section 50(2) CGST Act
Reverse the same in your subsequent 3B under table Row 4(B)(2)
Note : Deposit interest @ 24℅ interest on same as per section 50(2) CGST Act
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