Itc related query

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401 Points Posted on 03 September 2020
I have claimed eligible igst of rs 125180 and adjusted cgst rs 188270 and gst 188270 which was eneligible in year 2018-19 in september 19 returns on 10th feb 2020Is it right or wrongIf wrong what should i do next
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On 03 September 2020 at 11:40 Report
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This discussion addresses a query about claiming ineligible Input Tax Credit (ITC). The user claimed eligible IGST and adjusted CGST/GST that was ineligible for the 2018-19 period in their September 2019 returns. The advice given is that if you have claimed ITC which was ineligible, you must reverse it as inadmissible ITC cannot be claimed back.

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Manager-Accounts & GST Consultant
5124 Points Posted on 03 September 2020

If you have claimed ITC which was ineligible, kindly reverse it.

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On 03 September 2020 at 12:38
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Profession
28261 Points Posted on 03 September 2020
INADMISSIBLE ITC IS NOT SUPPOSED TO BE CLAIMED BACK.
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On 03 September 2020 at 13:29

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