REVERSAL OF IGST ITC AND PAYMENT THROUGH DRC 03

[SANTOSH PATIL]

Sir,

I have a query one client has received ASMT 10 wherein department has asked clarification of IGST differance amount of 125000 between GSTR 3B and 2A of F.Y. 2017-18. After verification we found accountant has erroneously taken IGST excess to the extent 125000 in IGST Column. Now while reversing and making payment through DRC 03 it is asking state name against IGST. Just wanted to know which state to select since it was erroneously taken and also use of DRC 03 is correct challen. your valuable guidence will help us to proceed further.

Thanks in Advance

AI Summary

Resolving IGST Discrepancy: Reverse Excess via GSTR-3B or DRC-03 for FY 2017-18? A client received a notice regarding a discrepancy in IGST amounts between GSTR-3B and GSTR-2A for FY 2017-18, due to an accountant's error. The query involves whether to reverse the excess IGST using GSTR-3B or DRC-03 and which state to select. Responses suggest reversing in GSTR-3B, as it avoids the need for state selection, while DRC-03 is a last resort. Some advise using DRC-03, selecting the state of registration for the payment. The discussion highlights the legal validity of both methods, with DRC-03 being more convenient for audits and inspections.