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Igst claim

Dibyendu Kumar Majumder (42 Points)

04 July 2020

I wrongly put igst of Rs.76000in my 3B return .sincerely I have not any igst claim .I am not eligible for igst Clement.

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5 Replies

chethan data (298 Points)
Replied 04 July 2020

Hi sir if don't have any igst itc just reverse those itc in succeeding month with interest
if u avail itc but not claim in the return then no interest
but if u avail and claim itc then u have pay to interest

KRISSHNAN KP (4215 Points)
Replied 05 July 2020

For which month 3B

Hemal Makwana (Designation) (771 Points)
Replied 05 July 2020

No interest liability in case of reversal of ITC wrongly availed and not utilized. merely reverse the wrongly availed ITC if your igst credit is not yet utilised.

KRISSHNAN KP (4215 Points)
Replied 05 July 2020

If further information required please contact me

CA Rashmi B (Assistant Manager) (787 Points)
Replied 05 July 2020

The wrongly availed iTC can be reversed in the GSTR-3b of subsequent month. The interest would not be available if the same is not utilized for the payment of taxes. if the amount is utilised the interest would be applicable .

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