What to do if i had claimed ITC of import goods in the head of all other ITC??
ITC claimed in wrong head
JAIMIN MODI
User Queries Incorrect ITC Claim for Import Goods; Advisors Suggest Rectification Without Interest if Addressed Swiftly A user queried about incorrectly claiming Input Tax Credit (ITC) for import goods under the wrong category in their GST filing. An advisor suggested notifying the department or reversing and correctly claiming the ITC. The user asked if reversing the ITC would incur interest. Another advisor clarified that no revenue loss occurred, and interest is generally compensatory. They advised rectifying the error through the GST department, involving the jurisdictional GST Range Officer, as procedural lapses like this are rectifiable without interest if resolved promptly. The user was encouraged to address the issue swiftly. (AI Summary)