Excess igst input shown whrer as having cgst and sgst credit

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Mohan (Querist)
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25 November 2017 In the Month of September by oversight GST3B Filed by showing Excess ITC in IGST Column. Where as am having only IGST Laibility and CGST and SGST credit , now filling the return for the Next month is not allowing me to utilize the credit of CGST and SGST error is showing first offset your IGST credit then go for CGST and SGST , kindly suggest me now what to do

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CA Puneet B. Gandhi

CA Puneet B. Gandhi (Expert)
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25 November 2017 Hi Mohan,

You may try to reverse the excess IGST of previous month using the ITC Reversal field available in Table 4(B)(2). This will reduce the IGST credit and consequently you will be able to utilize ITC of CGST and SGST against IGST liability.

Thanks & Regards,

CA Puneet Gandhi

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RAJA P M

RAJA P M (Expert)
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25 November 2017 Are you filed September GSTR 3B or Not...?

Mohan

Mohan (Querist)
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25 November 2017 i have filed return for September,
could i show in the reversal the excess ITC which i have shown by mistake , where as i not utilize that.

CA Puneet B. Gandhi

CA Puneet B. Gandhi (Expert)
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25 November 2017 Hi Mohan,

Since the GST portal does not allow to revise / reset the filed returns, I think this is the only option available in your case to reduce the IGST Credit Balance in GSTR-3B of Oct-17. As you are reversing excess ITC shown by mistake you are not utilizing that credit against your tax liability.

Thanks & Regards,

CA Puneet Gandhi

Message likes : 1 times

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