29 September 2021
IGST ₹11,00,000 on goods imported was erroneously claimed twice in FY 2020-21 - once in June, and once in November. How to resolve the same? Can I show it in ITC reversed tab in GSTR3B and pay it off in September 2021 return? Or do I pay it when filing GSTR9 for FY 2020-21. If through GSTR9, how do I disclose the reversal of wrongly claimed IGST on imports?
29 September 2021
You can reduce the ITC to the extent of wrongly claimed in the current period instead of showing it in the reversal column in GSTR 3B as this is not taking into the account and reduce the ITC balance. Also if you've utlised the ITC against liability, you can make interest payment through DRC-03.
CAclubindia
