TaxTMI 
TaxTMI 
INTERCHANGE IN GST ON IPT CREDIT
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....NTERCHANGE IN GST ON IPT CREDIT<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 9-11-2021 Last Reply Date:- 10-11-2021 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear....
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.... 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 mi....
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....stake sir/madam. 4. What is the position of above ITC Yours faithfully, K G Anantharao Reply By Shilpi Jain: The Reply: This rectification should be allowed. Also availing igst as cgst and sgst....
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.... is revenue neutral since there will be no mis utilisation of credit. Though as always dept could dispute. Merely because the sep 21 return is not filed will not make any difference since the due dat....
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....e for filing September 21 return has lapsed. Reply By KERAGODEGOPALARAO ANANTHARAO: The Reply: THANK YOU MADAM Reply By Ganeshan Kalyani: The Reply: As rightly said by Shilpi Mam that there is rev....
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....enue neutral but department may ask to pay CGST+SGST and it was paid short because IGST was claimed as CGST+SGST. And IGST cannot be claimed as timeline is elapsed.<br> Discussion Forum - Knowledge Sh....
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....aring ....