during reconciliation we find that due to formulation error we show credit of import in the all other ITC column. but we take the credit in the head of IGST.
is this make any difference, and this makes any trouble in future?
Menu
WRONG GST ON IMPORT
Replies (5)
Move that from other ITC to Import of goods in Annual return. Only way to correct the error, so as to avoid any future repercussions.
In which assessment year it's fall
In financial year 2019-20
Can be corrected in Annual Return.
You may file return and correct the errors accordingly
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
