Excess itc claimed mistakenly in 3b


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 Dear Experts,
In the 3B of Feb we have mistakenly claimed excess ITC now the same has came in my notice. Pls let me know what should I do to correct this mistake.

Thanks
Rohit

CA PRAVEEN (Expert)
23 August 2018 Kindly reverse wrongly ITC taken in the next month.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 Sir?
Should I minus the Wrong ITC availed in the current eligibility ITC. If so is there any interest thereon

CA PRAVEEN (Expert)
23 August 2018 If any short tax for that month deposit with interest gst

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 Sir since than there is no short tax liability whereas we have ITC. Hence No question of interest.

Also clarify will also have to report the reversal of tax in GSTR-1 or 2

CA PRAVEEN (Expert)
23 August 2018 NO REVERSE ITC IN GSTR -3B ONLY


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