INTERCHANGE IN GST ON IPT CREDIT, Goods and Services Tax - GST

[KERAGODEGOPALARAO ANANTHARAO]

Dear Sir,

1. September 2021 GST reurns are not yet filed.

2. During October 2020 and January 2021 there was ITC of IGST, which was wrongly considered in CGST and SGST.

3. How to rectify the above mistake sir/madam.

4. What is the position of above ITC

Yours faithfully,

K G Anantharao

Posts / Replies

[Shilpi Jain]

This rectification should be allowed. Also availing igst as cgst and sgst is revenue neutral since there will be no mis utilisation of credit. Though as always dept could dispute.

Merely because the sep 21 return is not filed will not make any difference since the due date for filing September 21 return has lapsed.

[KERAGODEGOPALARAO ANANTHARAO]

THANK YOU MADAM

[Ganeshan Kalyani]

As rightly said by Shilpi Mam that there is revenue neutral but department may ask to pay CGST+SGST and it was paid short because IGST was claimed as CGST+SGST. And IGST cannot be claimed as timeline is elapsed.