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INTEREST WILL PAID

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sona1

MANAGER

373 Points Posted on 18 July 2025

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?

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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.