Wrong input tax credit

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709 Points Posted on 20 November 2020
hi, we take cgst and sgst input in igst for Sep month, so what is the process to correct it.
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On 20 November 2020 at 12:06 Report
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Quick Summary
This discussion addresses an error where CGST and SGST input tax credits were incorrectly claimed as IGST for September. The recommended solution is to reverse this incorrect claim in the October return. It's important to note that this reversal will need to be done with applicable interest, especially if the credit has already been utilised.

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Accountant
3662 Points Posted on 20 November 2020
You can reverse in Oct month return
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On 20 November 2020 at 12:26
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709 Points Posted on 20 November 2020
With interest
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On 20 November 2020 at 12:28
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Student
23693 Points Posted on 20 November 2020
Did you utilised that credit Sir ???
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On 20 November 2020 at 13:23
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Accountant
3662 Points Posted on 20 November 2020
Yes

with interest
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On 20 November 2020 at 22:32

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