We claimed ITC for tax paid for a machinery imported in 2018-19. We have wrongly claimed it as a domestic purchase instead of import. We have now received a message from GST that we have claimed excess ITC for domestic purchases. What can we do to resolve it ? Thanks in advance.
Itc credit wrongly mentioned as domestic purchase instead of import
Replies (2)
reverse it and claim credit in import igst column
In your next month reduce the same in value of ITC for that month & add it in the Import Row.
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