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
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
13 November 2026
Charted Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA Final

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details