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.
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.
CAclubindia
