But later on It came to my notice that Actual Figures are less than that declared in GSTR-3B and GSTR-1. So I have filed annual return as per actual figure which is as follow:
Such difference is arise due to duplication of sales and purchase bills.
Please guide me whether any further action is required from my side to comply with GST Law? Do I need to reverse Input Tax Credit wrongly taken? If Yes than in such case how should I deal with Excess Output Liability declared wrongly?
25 October 2023
As per your figures you have claimed excess ITC of Rs 586496/- and declared excess tax liability of Rs 586498/- . both figures are very identical, so it looks quite strange but as of now going by these figures since you have corrected the input and output in 9, if any notices comes you can reply that excess ITC claim is set off by excess output liability and both of them were identical so there is no loss to the revenue
CAclubindia
