Itc gst claimed under wrong head and paid tax

ITC / Input 758 views 2 replies

While filing January month GSTR 3 B, One of interstate purchase credit IGST wrongly shown as CGST and SGST input and paid Tax after adjusting CGST & SGST input. Tax paid under CGST-2500, SGST- 2500. If IGST input shown correctly Tax payable would be Under SGST- 5000 only.

Now What correction should be done in March month GSTR 3 B. In march I have input credit SGST-10000 CGST- 10000/-  . Reversing earlier Excess CGST & SGST input from that  and adding IGST in GSTR 3 B is enough or I need to pay tax on January month Shortfall in SGST Tax 2500 (5000-2500)

Please Clarify. 

Replies (2)

Yeah reverse the credit which was claimed incorrectly and claim the credit under the correct head.

Note:

Advisable to pay interest on the incorrect utlisation since it is mentioned that 2500 of CGST of credit is availed incorrectly. pay intrest on Rs.2500.

dear  sir,

we have not used any tax only head has changed and claimed incorrect tax.should still i have to pay int?my ledger has enough balance in igst and cgst/sgst


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