IGST.
Appa Rao Koneti (Accountant) (29 Points)
05 July 2018
We have made entry IGST INSTEAD OF CGST AND SGST IN FEB AND WE UTILISED. NOW WE FOUND THAT IS THERE ANY RECTIFICATION OR IF ANY
3 Replies
R. CA
(121 Points)
Replied 05 July 2018
U can correct it in the next GSTR 1. No interest penalty will be imposed.
Appa Rao Koneti
(Accountant)
(29 Points)
Replied 05 July 2018
WE BOUGHT INS POLICY IN FEB WITH IN STATE. BUT WE POSTED THE BILL AS IGST IN SAP, FILED THE RETURNS AND WE UTILISED THE IGST INPUT IN FEB ITSELF . NOW WE AWARE THAT IT'S THE WITH IN STATE BILL AND NOW WE RECTIFY . SO WHAT SHOULD BE THE NEXT PROCESS
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