Hi- i am engaged in Export of service. I availed professional service from a local Firm located in my State in April 2019. he charged 9% CGST + 9 % SGST. But that time when I claimed ITC ..mistakenly I entered 18% in IGST field instead of using CGST and SGST field. Today I am going to file Refund application ( Under ; Accumulated ITC - Zero rated supply without TAX ). Can you please tell me what step can I take , so that officer can not reject that claimed ITC amount. How to correct it now . Thank you
I mean , In GSTR-3B that time , I entered the claimed amount in IGST field ..instead of using CGST and SGST field. Thanks
Can I correct it in 2019 -Annual return..as I am yet to file FY-2019-2020 GSTR-9. But I came to know - "As per Instructions to Annual Return, no credit of Input Tax can be claimed" ..
Hi
Strictly by law, you were required to reverse these credits wrongly claimed and claim the correct credit of CGST and SGST. This could have been done till return for the month of September 20.
However there could be other ways to mitigate the problem. Kindly contact personally for the same.
if we forget about the CGST+SGST Claim for now ( as 20 th October 2020 ) over..... Do I need to reverse the wrong ITC claim ( IGST ) by paying fine in DRC-03 ..?. is it applicable for me ? I only do export and import of service and I used to claim ITC as IGST for all other cases . till now I have no ITC claim under CGST+SGST.
For me - there is no additional liability left to pay ....so is it required to pay penalty/fine @24% annually by DRC-03 ..?............. I just need to correct the ITC claim by putting in the correct field..
You can transfer the amount using PMT 09 under electronic cash ledger from IGST to CGST and SGST.
Dear Sir,
Hope you are doing well !!
We may discuss the issues in detail over a call to discuss to solve the problem and carve out possible ways.
- Rectify the mistake in annual return but it will not amend the electronic credit ledger. In case of export without payment of taxes subject to availment of LUT and fulfilling conditions of export of services, you are not liable to pay tax. Import of services is liable to IGST and after payment of tax, you can claim refund of ITC of IGST paid on import of services. You are not liable to pay IGST due to claiming it in wrong heads bcz your services were not liable to tax and on import you already paid tax. Taxpayer is eligible for refund of ITC available in electronic credit ledger which can be done through GSTR-3B only. Rectification in GSTR-9 and qualification in GSTR-9C will not amend the electronic credit ledger. Assuming same is reflecting in the opening balance of F.Y. 2020 - 21.
Please take phone consultation for detailed discussion.
Hope the query is resolved with our conversation.
You cannot reverse credits in GSTR 9 asper the press release.