https://www.taxtmi.com/forum/issue?id=116069 A taxable person who availed IGST ITC instead of CGST and SGST should reverse the erroneously availed IGST by payment through the appropriate adjustment form and thereafter re avail the correct CGST and SGST credits; this correction is treated as a procedural recredit and not barred by time limitation. The situation is generally revenue neutral if corrected, but use of wrongly availed IGST to discharge CGST/SGST or conduct suggesting mala fide intent can attract interest and penalties and complicate remedy options such as refund. en-us Wed, 26 Feb 2020 18:17:26 +0530 Thu, 23 Jan 2025 15:54:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116069 A taxable person who availed IGST ITC instead of CGST and SGST should reverse the erroneously availed IGST by payment through the appropriate adjustment form and thereafter re avail the correct CGST and SGST credits; this correction is treated as a procedural recredit and not barred by time limitation. The situation is generally revenue neutral if corrected, but use of wrongly availed IGST to discharge CGST/SGST or conduct suggesting mala fide intent can attract interest and penalties and complicate remedy options such as refund. Discussion-Forum GST Wed, 26 Feb 2020 18:17:26 +0530 https://www.taxtmi.com/forum/issue?id=116069