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
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Input tax credit Reversal
Replies (4)
Yes interest is to be deposit @ 24 ℅ in case wrong ITC claim
I agreed to Mr Pankaj Rawat...
But,
If You can't utilize the wrong IGST amount then You just reverse the amount. No need to pay interest.
But,
If You can't utilize the wrong IGST amount then You just reverse the amount. No need to pay interest.
I agree with raja sir
Pay int @ 24% according to the section 49
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