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

Reversal of wrongly availed IGST credit: reverse in GSTR-3B where allowed or pay via DRC-03 selecting registered state as POS.
When wrongly availed IGST credit is discovered, a taxpayer may either reverse the credit in FORM GSTR-3B (Table 4, IGST column) where permitted and timely, or pay tax, interest and penalty through FORM GST DRC-03; DRC-03 creates a direct payment record and avoids separate intimation to the proper officer. If paying under IGST in DRC-03 where place of underlying supply is not identifiable, select the state/union territory of the taxpayer's registration. Rectification is subject to the time limit in section 39(9) and acceptance by the proper officer remains discretionary.