Excess itc claimed in gstr 3b july 2017

This query is : Resolved 
 

(Querist) 12 January 2018
I have wrongly claimed excess ITC (IGST) of 2lacs in GSTR3b for the month of July 2017 due to which Credit of IGST has been increased by Rs. 2 lacs. Now how to rectify the error? Please provide some solution...
Thanx in advance.....


CA R SEETHARAMAN (Expert)

Click to Talk 12 January 2018
Rectify the mistake in the next gstr 3b.

Priyanshu Goel (Querist) 12 January 2018
How??pls provide details.. for that whether i have to disclose taxable amount for that & disclose IGST by Rs.2lacs under taxable supplies Or in any other head?

CA R SEETHARAMAN (Expert)

Click to Talk 12 January 2018
Reverse the excess ITC and net it of with current month ITC.

Priyanshu Goel (Querist) 13 January 2018
Where? Either
- in the head ITC reversed others under 4(B)(2) of gstr 3b
OR
- in the head 3.1(a) outward taxable supplies by providing the amount under the IGST

CA R SEETHARAMAN (Expert)

Click to Talk 13 January 2018
Yes reverse under 4(B)(2).



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