03 October 2019
Sir we have wrongly taken output liability under the head IGST and now we want to reverse the same but we are not able to do so because we are not having any interstate sale and consequently no IGST liability in further months and 3B does not allow to enter the negative figures being reversal of output liability So should we take the input under the head IGST in case we are not able to reverse the output liability?
03 October 2019
There is no such provision in gst law to take itc of tax paid wrongly. As per section 19 IGST Act, if IGST wrongly paid , refund can be claimed as per CGST Act section 54. You need to apply for refund as per my view.
CAclubindia
