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Wrong claim of igst
Assessee has inadvertently put Purchase figure in IGST input column, and set off against cgst and sgst liability. He has utilized IGST fully. But he is having sufficient cgst and sgst input in all the months. Can anyone suggest how to reverse wrong claim of igst and how to rectify the issue.
Replies (2)
You can rectify all mistakes in next month return
Reduce current month ITC IGST
if current month ITC - 1000 Less wrongly claimed ITC 800
Enter only 200, Prepare Reconciliation statement
Reduce current month ITC IGST
if current month ITC - 1000 Less wrongly claimed ITC 800
Enter only 200, Prepare Reconciliation statement
There in table 4 eligible ITC section
you get reverse of ITC
reverse there's as per your requirement or igst you taken
as you say you put your purchase value in igst and utilities it
so there's will be interest on reversing of the
ITC as you utilities it
you get reverse of ITC
reverse there's as per your requirement or igst you taken
as you say you put your purchase value in igst and utilities it
so there's will be interest on reversing of the
ITC as you utilities it
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