25 March 2019
In one of my client's case, for few invoices, CGST and SGST credit has been taken instead of IGST in GSTR 3B in f.y. 2017-18. This issue got highlighted at the time of checking of GSTR 2A for f.y. 2017-18 with purchase register. Is there any way out, how can this be corrected in current f.y. GSTR 3B.
25 March 2019
you can reverse excessive cgst and sgst in gstr 3b ( before 20/04/19) and take igst credit of equivalent amount. Reconcile what have done and what should have been done. accordingly make appropriate adjustment in GSTR 3b ( last chance to claim gst credit for FY 17-18 is extended till due date of gstr3b for March 19 )
28 March 2019
In my opinion best way would be to pay the wrong utilised CGST and SGST along with interest through DRC 03 as there will be interest liability also for wrong utilisation of credit. Seperate DRC 03 will help you at the time of reconcilation and take the ITC of IGST which you have left in March 2019 Return
CAclubindia
