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Excess gst paid last fy

13 June 2018

Hello SIr,

I have paid gst in sept'17 Rs1.5lac instead of 15k and it was actually paid to gst account with wrong entry in GST3B for excess turnover.

Till then I have also paid 73k for GST with actual turnover. Then I have adjusted tax (which I have not paid acc. to GSTR1)for the month of March that is Rs 85500.

My question is now I have tax of Rs 53000/- so that I need to pay or should I file for refund of last year according to my incoives and GSTR1.

Please help.

Thanks in advance.

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5 Replies

CMA Bhavya (Assistant Manager Finance) (862 Points)
Replied 13 June 2018

Dear Sir,

As per my understanding its like since you entered excess turnover you paid the tax excess. If the Payment alone done in excess will not harm anything the balance will be on your cash ledger which you may utilize in future months, but due to the mistake holding the other liability which is payable is not correct.

Since GSTR-3B option hasnot given so far... we need to wait

Presently you need to pay the balance liability, irrespective of mistake done in past months in my view, because willful misstatements will lead to unneccesary notice, clarifications etc.Please go through Sec. 73 of CGST Act.

regards,

Bhavya.P

RAJA P M ("Do the Right Thing...!!!") (127299 Points)
Replied 13 June 2018

@ Mr. Jatin Gupta.,

Give some details...
(I have paid gst in sept'17 Rs1.5lac instead of 15k and it was actually paid to gst account with wrong entry in GST3B for excess turnover.)

How to pay excess amount in sep-17?
Are you paid based on your GSTR 3B...?

What is Your actual transactions in sep?
What is Your GSTR 3B values in sep...?

1 Like

Jatin Gupta (35 Points)
Replied 13 June 2018

@ Mr. Raja P M,

Sir, this mistake happened in GSTR3B where I have put 8lac instead of 80k so tax liability for 18% services has gone to 144000 instead of 14400/- only. and which I paid instantly and filed that return for Sept 17.

But when I check it again and in GSTR1 i found that it was gone wrong so then I filed correct GSTR1 with 80k turnover for that month.

then for the next 3 month I didn't work so I filed nil return. then for Jan18 I paid tax then I asked with someone he told me that you must adjust your excess tax then I filed NIL for GSTR3B in march but show actual turnover in GSTR1 in March18.

Not almost 65k I have paid extra tax so what should I do.....

Can I file for refund or Can I adjust that amount.

Thank you Sir.

RAJA P M ("Do the Right Thing...!!!") (127299 Points)
Replied 13 June 2018

Oh... It's very Bad and You can't claim the Amount as Refund.

Bcoz,

You show the Outward supply & Tax Rs. 8 Lakhs and Rs. 144000 and Set off Your return at the Time of filing Your GSTR 3B. As per Return Your Payment is set off and Filed By You.

So, No more balance available in Cash Ledger... And You can't Claim Refund...