Itc credit

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14 Points Posted on 03 December 2020
ITC credit of igst wrongly availed in cgst, sgst . Found at the time of annual return. Overall revenue impact is neutral. Whether department can take action.
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On 03 December 2020 at 19:04 Report
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Quick Summary
This discussion addresses a common GST error where IGST credit was incorrectly availed as CGST and SGST. Although the overall revenue impact is neutral, the user is concerned about potential departmental action. The advice given is to report this discrepancy accurately in the annual return (GSTR-9C).

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Accountant
3662 Points Posted on 04 December 2020
You need to report in Annual return
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On 04 December 2020 at 00:20
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14 Points Posted on 04 December 2020
Reported in 9C
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On 04 December 2020 at 04:10

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