Reversal of credit

06 March 2021

I have wrongly claimed itc under cgst n sgst instead of igst , how can i correct it in next month?

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4 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 06 March 2021

Reverse the credit in next month and adjust in igst

Harshita Lahoty (73 Points)
Replied 06 March 2021

Reversal can be done by adding that amount( cgst sgst ) in output liability in gstr 3b ?

CA Altamush Zafar (GST Consultant) (15961 Points)
Replied 06 March 2021

Add the amount of igst not taken in the current month amount. Reverse cgst and sgst. All adjustments to be done in itc table

Harshita Lahoty (73 Points)
Replied 06 March 2021

Okay thnku

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