Below are the steps as a workaround for this problem:
Click on site action - site contents - add an app Create a custom list Now click on the list - go to list settings and save this list as a template
- Create a custom list
- Now click on the list - go to list settings and save this list as a template
Now click on add an app - select the "OOB list template" and when you get the pop up to name the list - click on advanced options
Now copy the URL - navigate to the URL decoder and decode the URLURL; in my case it was https://sharepointadmin.sharepoint.com/sites/Team/_layouts/15/new.aspx?CustomTemplate=OOB list temp.stp&FeatureId={00bfea71-de22-43b2-a848-c05709900100}&ListTemplate=100&
Now navigate to the original list template gallery and copy the feature ID for the original template for list which has issues
Now replace the template name with the original template of the list in the above decoded URL in(in my case its Mstesttemplate.stp And the feature ID {00BFEA71-5xgdD-4CA0-96C2-6A47775C01wee} And at the end of the URL ListTemplate=100 which is the old template not supported replace that by 150 So the final URL should look like this - https://sharepointadmin.sharepoint.com/sites/Team/_layouts/15/new.aspx?CustomTemplate=MSTestTemplate.stp&FeatureId={00xzBxccvxcvEA71-513D-4CA0-96C2-6A47775C0119}&ListTemplate=150& Now)
- And the feature ID {00BFEA71-5xgdD-4CA0-96C2-6A47775C01wee}
- And at the end of the URL ListTemplate=100 which is the old template not supported replace that by 150
- So the final URL should look like this - https://sharepointadmin.sharepoint.com/sites/Team/_layouts/15/new.aspx?CustomTemplate=MSTestTemplate.stp&FeatureId={00xzBxccvxcvEA71-513D-4CA0-96C2-6A47775C0119}&ListTemplate=150&
Now browse this URL and give a name to the list and your list will be created using the original template