We have enter Purchase amount in input coloum IGST of 3B return of July 2017 which was 1.2 crore rs., we were not ware about the reversal of wrongly taken Input credit, we deposit tax according 3B via challan ,but system offset liability was offset from khat credit ledger, amount deposited in cash ledger was unutilized and increase gradually month by month, , finally we make adjustments in feb 2019 3B return and remain input reversed and complete and remain was adjust with cash ledger,
we paid tax according to return but technical make mistake In liability offset,
is interest will be applicable on up to the
wrong Input credit from aug 2017 to march 2019 on whole amount 1.20 crore
date of reversal (
CAclubindia
