ITC Taken wrong head

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23 Points Posted on 20 January 2021

Sir,

     I have wrongly ITC taken in CGST & SGST Instead of IGST. and the difference showing in Annual Return (8A Vs 3B)

Examble:

Supplier filed in GSTR1 at IGST Column. Rs3.2 lakh. but Asper 3B   i have taken CGST & SGST .

Kindly guide me how rectify this mistake. Our auditor suggested remit the amount of Rs.3.2 lakh in IGST Account.

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On 20 January 2021 at 00:26 Report
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Quick Summary
A user has incorrectly claimed Input Tax Credit (ITC) under CGST and SGST when it should have been IGST for the financial year 2018-19. This has led to a discrepancy between their GSTR-1 and GSTR-3B filings. They are seeking advice on how to rectify this error, particularly if it's still possible to amend for that financial year.

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Chartered Accountant
16188 Points Posted on 20 January 2021
You have to reverse the itc in subsequent month and rectify the itc in next month
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On 20 January 2021 at 07:24
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23 Points Posted on 20 January 2021

Sir,

Thanks for your reply.  I have ITC Taken FY 2018-19. Now is it Possible?

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On 20 January 2021 at 23:57

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