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?
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.
R P S K & Associates
Nashik
CA Inter
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BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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