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
4 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 21 May 2018
Yes interest is to be deposit @ 24 ℅ in case wrong ITC claim
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 22 May 2018
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.
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 22 May 2018
Pay int @ 24% according to the section 49
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