While filing the FORM GSTR 3B for the
month of July, 2017, take IGST input
tax credit, as Rs. 20,000/- instead of CGST & SGST ITC Rs.
10,000/- each. But Not utilized the IGST ITC and filed their
returns.
If reverse made while filing next month GSTR 3b is required to adjust with interest also
Please help in this issue
2 Replies
Vinod Babu
(24191 Points)
Replied 22 May 2018
System automatically does the setoff and if any liabilities is there, it automatically populates to challan creation screen.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 May 2018
If You can't utilize the wrong IGST amount then You just reverse the amount. No need to pay interest...
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