INTERCHANGE IN GST ON IPT CREDIT

[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

AI Summary

Input tax credit interchange: availing IGST as CGST and SGST is revenue neutral but may be disputed by department.
Input tax credit from IGST that was used as CGST and SGST is revenue neutral and may be rectified, but time bars may prevent reclaiming IGST; the department can still dispute the treatment and require payment of appropriate CGST and SGST, and non-filing of a later return does not cure the misapplication.