Excess itc taken
This query is : Resolved
Anshuman Basu
(Querist)
24 July 2019
Dear Sir
We are GTA service provider. Our Sales is Exempted in GST. We have No output Invoice.
Lack of Knowledge of GST act, we take ITC ( FY 17-18) Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) from our difference service bill (Like Repairing and Maintenance invoice, Telephone Expenses, Rent expenses.).
We cannot set off or adjusted these ITC from our Output Invoice. Because we have no GST bill.
Naturally Unutilized ITC is lying in our Electronic Credit Ledger.
When we prepare GSTR9 the system show Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) in column no 6A
Now the Question is
1.what is the treatment of above scenario, when we fill up GSTR9?
2. in which column we put ITC and revised ITC?.
3. Should we pay tax as we revised ITC ( NB we have no Out put Invoice)
We are GTA service provider. Our Sales is Exempted in GST. We have No output Invoice.
Lack of Knowledge of GST act, we take ITC ( FY 17-18) Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) from our difference service bill (Like Repairing and Maintenance invoice, Telephone Expenses, Rent expenses.).
We cannot set off or adjusted these ITC from our Output Invoice. Because we have no GST bill.
Naturally Unutilized ITC is lying in our Electronic Credit Ledger.
When we prepare GSTR9 the system show Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) in column no 6A
Now the Question is
1.what is the treatment of above scenario, when we fill up GSTR9?
2. in which column we put ITC and revised ITC?.
3. Should we pay tax as we revised ITC ( NB we have no Out put Invoice)
CA Anita Bhadra
(Expert)
24 July 2019
You need to pay excess ITC availed thru DRC 03 .
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
