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Gst paid in wrong head

Mahesh (Articleship) (32 Points)

01 October 2018

I need to pay igst but by mistake paid in cgst & sgst , now what are the options for reducing That igst liability . I am thinking igst increased and reduce the cgst&sgst in the next is it possible ,kindly help me
thank you in advance

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4 Replies

Dastagiri (ipcc) (79 Points)
Replied 01 October 2018

sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 01 October 2018

@ Mahesh
apply the refund for the cgst/sgst wrongly deposited & deposit the igst

Harihar Mandal (CA) (504 Points)
Replied 01 October 2018

Adjustments of ITC of CGST/SGST with IGST possible, but adjustment of cash deposited not possible. Therefore, you have to pay IGST and claim for refund of CGST/SGST paid.

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 02 October 2018

@ Dastagiri
Reverse the same in your subsequent 3B under table Row 4(B)(2)

Note : Deposit interest @ 24℅ interest on same as per section 50(2) CGST Act