Excess itc
This query is : Resolved
debasish banerjee
(Querist)
28 September 2018
we have claim ITC in 3B as per books entry. GSTR 2A shown much less amount deposited against us by vendors. thus actual ITC & books ITC make huge difference in last f. y. july 2017 -- mar 2018.. how to solve the excess ITC claim in return by us. one expert says that it is the rule excess ITC claim is come under huge penalty e.g.100%.
28 September 2018
Explore the reasons for claiming excess ITC. If you hav all the purchase bills then nothing to worry, if any vendor has not shown your bill in his GSTR-1 you have to ask them to submit it correctly so that it gets reflected in their GSTR-1.
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