IGST credit reversal not required when credit is wrongly claimed instead of CGST & SGST

Cosyn Limited Vs Assistant Commissioner of State Tax (Calcutta High Court) The Hon’ble Calcutta High Court in the case of M/s. Cosyn Limited v. Assistant Commissioner of State Tax [M.A.T. NO. 2411 OF 2023 dated April 30, 2024] held that there is no requirement to reverse the Integrated Goods and Services Tax (“IGST”) credit where the Assessee had availed IGST credit and subsequently used the same for payment of the Central Goods and Service Tax (“CGST”) and the State Goods and Services Tax (“SGST”), on utilization of IGST for payment of SGST. Facts: M/s Cosyn Limited (“the Peti...