I was taken wrong input in Aug-17 of IGST Rs 155400. In April & May 18 my CGST & SGST liability offset with wrongly taken input IGST. at same time I was paid April and May 18 challan with same liability amount CGST SGST but NOW June 18 I reverse the input of IGST but it was not adjust with my CGST SGST. that was available in my cash ledger.
Can I reverse input CGST & SGST instead of IGST
No, As you took the wrong input credit of IGST, you should reverse the same under the same head. As you have cash balance in CGST and SGST and reversal of IGST is creating the liability under the head of IGST, Cash balance of CGST and SGST can't be utilised.
You have to deposit the amount under the head of IGST only to make the payment of this liability. Available balance of CGST and SGST can be utilise later on against future liability.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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