Excess itc availed in gstr3b
This query is : Resolved
Sabita Sahoo
(Querist)
21 September 2018
During Aug,17 I had wrongly put purchase value I.e Rs.50,00,000 in all other ITC - IGST col.As such Igst credit reflected in my credit ledger.I have not utilised the said ITC yet.How could I reverse the said ITC? As I have no interstate purchase so no igst ITC accruing any month.Sept.18 is the last month for correction of ITC of 17-18.How can I reverse the ITC taken wrongly?
CA Rashmi Gandhi
(Expert)
21 September 2018
Show such credit in ITC Reversal-others Column in Table 3 of GSTR-3B.
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Sabita Sahoo
(Querist)
22 September 2018
It gives minus figure.will the return be filed?
CA Rashmi Gandhi
(Expert)
23 September 2018
Yes you can file it even it gives negative figure
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