ITC REVERSAL AS WELL AS INELIGIBLE ITC

SIR,

I WAS CLAIMED 148000/- ITC FOR IMPORT OF TAX AS REVERSED ITC AND ALSO SHOWN IN IN ELIGIBLE ITC 

NOW IT SHOWS AS DIFFERENCE, HOW TO SOLVE THIS.?

Replies (4)
Quick Summary
This discussion addresses a common GST issue where input tax credit (ITC) for imports was incorrectly reversed and also shown as ineligible. This has led to discrepancies between claimed ITC and figures in GSTR-2A, resulting in a 'difference' or tax liability. The user is seeking advice on how to rectify this error, particularly for a November entry where the reversed IGST on imports caused a significant difference. The core problem stems from mistakenly treating import IGST as requiring reversal when it is, in fact, claimable.

IS CORRECT WHETHER I CLAIMED IN BOTH?

Why did you reverse ITC on IMPORT? IGST on Imports is allowable.

For Input tax credit (ITC) on imports no need to reverse it you can claim such ITC if you have paid the GST against it

Due to wrong claim of that in itc recverse and also ineligible itc both, it was reflected in tax liabilities comparision summary shown difference, march month till now not filed. any way or idea to adjust the same (i.e for the month of Nov.154307 igst reversed, now it shows the difference as higher than itc in 2A.  - itc availed in 3b      itc available in 2a    diff

                                                                            488377                      334070               154307  
 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details