In FY 2018-19, a person has wrongly claimed CGST and SGST of Rs. 30,000 each instead of claiming IGST of Rs. 60,000. No correction made in subsequent returns upto September 2019. However, the net tax payable after such ITC availment is paid under the correct head. Is there any way to correct this mistake in GSTR-9? Will the IGST lapse?
The ITC will get lapsed. But show the correct values in GSTR-9
If he shows correct values in GSTR-9, will he have to pay the GST with DRC-03?
Can it be said that it is a revenue neutral situation as claiming CGST & SGST instead of IGST did not cause any revenue loss to the department? Since such IGST input would have anyways been used to pay CGST and SGST. And the net amount paid after such ITC availment is paid under correct head.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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