IGST Credit

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60 Points Posted on 22 June 2020
i want to know about the wrong credit of IGST
In year 18-19 I have taken the rebate of IGST as CGST AND SGST BY MISTAKE..
what should i do now to correct the mistake
my turnover is 1.5 cr
we do not go through GST AUDIT
PLEASE GIVE ME A SOLUTION
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On 22 June 2020 at 15:06 Report
Replies (8)
Quick Summary
A business mistakenly claimed IGST as CGST and SGST for the financial year 18-19. They are seeking advice on how to rectify this error, especially since their turnover is 1.5 crore and they didn't undergo a GST audit. While some suggest correcting it in the GSTR 9 annual return without penalty or interest, their CA believes it's not possible for that specific financial year.

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CA
364 Points Posted on 22 June 2020
Correct the same in gstr 9
2 Reply
On 22 June 2020 at 15:22
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60 Points Posted on 22 June 2020
Will it cost any internet or penalty
1 Reply
On 22 June 2020 at 15:23
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"Do the Right Thing...!!!"
128157 Points Posted on 22 June 2020
Will it cost any internet or penalty...?

No... No more Interest and penalties for claim wrong heads.
So, No need to worry.
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On 22 June 2020 at 15:52
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60 Points Posted on 22 June 2020
The credit i claimed is of 18-19....how to adjust or correct it
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On 22 June 2020 at 15:57
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"Do the Right Thing...!!!"
128157 Points Posted on 22 June 2020
Through filing of annual return...

But,
As per my view it's not a issue...
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On 22 June 2020 at 16:06
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CA
364 Points Posted on 22 June 2020
There will be no penalty or interest.
Put the correct amount in annual return.
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On 22 June 2020 at 16:53
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GST Practitioner
55067 Points Posted on 23 June 2020
As per Section 77 no interest is applicable
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On 23 June 2020 at 00:57
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60 Points Posted on 24 June 2020
My C.A is telling that it is not possible because the wrong credit is of 18-19....
what to do now?
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On 24 June 2020 at 09:52

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