ITC wrongly taken as CGST&SGST instead of IGST

241 views 2 replies

Hi, 

On April 2019, I bought service & got IGST around 3500 but I had taken this as CGST & SGST in both (7000 in total). Since I sell most exempted products I had reversed 80% under section 42&43. So basically ITC available was around 700 in IGST but taken as 700 in CGST & SGST ie 700 taken in excess. 

How I should rectify this situation or how to reverse the amount. I still have some amount credit ledger. 

Thanks in advance. 

 

Replies (2)
In next return make amendment
As you said it is related to 19-20 year credit, do reversal of the CGST and SGST in upcoming month return and claim IGST of 700 newly.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details