Dear All IGST Input Amount wrongly taken in CGST and SGST. What we can further process.
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Quick Summary
This discussion addresses the issue of wrongly availed IGST input tax credit, where it was incorrectly applied to CGST and SGST. The recommended solution is to reverse the incorrect IGST claim in the following month's return. Subsequently, you can correctly claim the eligible CGST and SGST. Be aware that if the wrongly availed IGST was used to pay tax, an 18% per annum interest may apply.
The IGST to be reversed and CGST + SGSt to be availed. if the IGST availed was utilized for payment of tax the interest would b appliable on the same at 18% p. a
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