Input tax credit

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valsad
98 Points Posted on 04 March 2021
what are the consequences if credit of import of goods has been mistakenly claimed in igst.
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On 04 March 2021 at 14:33 Report
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Quick Summary
This discussion addresses the consequences of incorrectly claiming Input Tax Credit (ITC) on imported goods using IGST. It explores the process of reversing the mistaken claim, including the applicable interest rate of 24%. The user also seeks guidance on whether they can subsequently claim the ITC correctly after rectifying the error.

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602 Points Posted on 04 March 2021
Reversed IGST along with Interest @ 24%
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On 04 March 2021 at 18:09
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valsad
98 Points Posted on 04 March 2021
And then can i claim it in import of goods?
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On 04 March 2021 at 19:18
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602 Points Posted on 04 March 2021
Can you call me?
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On 04 March 2021 at 20:39

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