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.....
05 April 2018
I have taken ITC in Month of February for what vendor billed in February. In March I had to inform them of rejected goods as it was not complying with legal metrology. Vendor took it back in March and issued me credit note and I took acknowledgment of returned goods on delivery challan. As there is no other inward supply in march, the ITC to be reversed against credit note is more so the nett result is negative. GST portal does not accept negative number. Should one file the nil amount in GSTR 3B and wait for the GSTR 2A to become active. By then the vendor's GSTR 1 will be filed and the credit note will reflect in 2A.