Wrong ITC reversed instead of Correct ITC
This query is : Resolved
06 July 2020
Correct ITC to be Reversed- SGST-48,287/- CGST-48,287/-
Actual ITC Reversed- IGST-48,287/- CGST-48,287/-
ITC Reversed under wrong head i.e IGST instead of Correct Head SGST.
How can i take back the wrongly reversed ITC ?
Actual ITC Reversed- IGST-48,287/- CGST-48,287/-
ITC Reversed under wrong head i.e IGST instead of Correct Head SGST.
How can i take back the wrongly reversed ITC ?
07 July 2020
If the input tax credit is wrongly claimed, then it should be reversed by making payment to that extent in the next month or Form GST DRC-03.
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