Wrong itc claim & utilised

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accountant
409 Points Posted on 17 November 2021
We have cgst & sgst credit consistently but by mistake wrongly claim IGST as input and utilities it dut to as per law first use of IGST then cgst, so weather we require to pay interest
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On 17 November 2021 at 09:28 Report
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Quick Summary
A user mistakenly claimed IGST input tax credit before utilising their CGST and SGST credit. They are seeking clarification on whether this incorrect claim necessitates paying interest, as per GST law which prioritises IGST utilisation first. The user is asking for guidance on the implications of this error.

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CA
10436 Points Posted on 20 November 2021
Please check your inbox
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On 20 November 2021 at 23:51
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accountant
409 Points Posted on 24 November 2021
Any update
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On 24 November 2021 at 20:13

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