Wrong cgst input enter in july 2017 return 45 lakhs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2018
by mistake instead of entering 500000 i have entered 5000000 in SGST input in GSTR 3B JULY 2017 RETURN. I HAVE NOT CLAIM ANY CREDIT OUT OF 45 LAKHS till date i.e. august 2018. . every month i have paid cash challan for my gst payment. in AUGUST 2018 GSTR 3B return i have reversed it under the head OTHER . I HAVE NOT CLAIM ANY AMOUNT FROM THE WRONG CREDIT OF 45 LAKHS . AT EVERY MONTH CLOSING MY input credit ledger was showing 45 lakh since it was not claim by me.DO I NEED TO PAY ANY INTEREST ON 45 LAKHS ??? IT WAY ONLY TYPING ERROR ??? I REPEAT I HAVE NOT CLAIM ANY AMOUNT FROM WRONG CREDIT OF RS 45 LAKH . I WAS PAYING CHALLAN EVERY MONTH??/
06 September 2018
No interest is payable in case ITC is not utilised.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 September 2018
THANK MADAM BUT I HAVE REVERSED AFTER ONE YEAR
I HAVE NOT UTILISED ANY AMOUNT OUT OF WRONG EXCESS CREDIT.. EVERY MONTH I WAS PAYING CASH CHALLAN .. BUT TILL DATE IT IS SHOWING IN MY ITC LEDGER 46 LAKH .. I REVERSED BACK AFTER 1 YEAR ..I.E. IN AUGUST 2018 GTR 3 B RETURN..
I HAVE NOT UTILISED ANY AMOUNT OUT OF WRONG EXCESS CREDIT.. EVERY MONTH I WAS PAYING CASH CHALLAN .. BUT TILL DATE IT IS SHOWING IN MY ITC LEDGER 46 LAKH .. I REVERSED BACK AFTER 1 YEAR ..I.E. IN AUGUST 2018 GTR 3 B RETURN..
06 September 2018
No interest should be payable.
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