Wrong claim of igst

This discussion addresses an inadvertent error where an assessee incorrectly claimed IGST input tax credit by entering purchase figures in the wrong column. The IGST was fully utilised, impacting CGST and SGST liabilities. The advice provided suggests rectifying the mistake in the next month's return by reducing the current month's ITC IGST and preparing a reconciliation statement. Be aware that interest may be applicable on the reversed ITC due to its prior utilisation.