Wrongly taken Itc under head igst. How to rectify the mistake as purchase is only from within state
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Quick Summary
This discussion addresses the common error of wrongly availing Input Tax Credit (ITC) under IGST when purchases are within the same state. The recommended solution involves reversing the incorrect IGST ITC claimed in GSTR-3B. Subsequently, the correct C/SGST ITC should be claimed in the following month's GSTR-3B, ensuring all tax amounts are accurately reflected as per tax invoices and including applicable interest for the period of misclaim.