INTEREST WILL PAID

Month of May ,2025  we claim (CGST/SGST) Rs. 14,250.00 which is actual BLOCK Credit Input . But May,2025 GSTR3B return we cannot claim this above input because our IGST value is enough for adjusted to our Output Tax. Only Rs. 14250.00 Added in  our Credit Ledger.

Now June,2025 GSTR3B return we will Revere  this (CGST/SGST)Rs. 14250.00, Can Any INTEREST we will be paid for This?

Replies (2)
Quick Summary
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.

No. not charges; just reverse it.

Just reverse the ITC Claimed, Sine you have just claimed and not utilised. hence interest need to be paid.

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