INTEREST WILL PAID

This discussion clarifies the implications of reversing GST input tax credit (ITC) that was claimed but not utilised. If you claim CGST/SGST credit in May 2025 but later reverse it in June 2025 because your IGST was sufficient to cover output tax, you may still need to pay interest. The consensus is that if the ITC was claimed, even if not utilised, interest could be applicable upon reversal.