GST ITC
This query is : Resolved
HARISH BHATIA
(Querist)
01 November 2019
Dear Sir / Madam,
i have excess claimed Rs 5,60,000 for the FY 2018-19, how ever my sep 2019 return is also filed , in september 2019 month return , i have not reverese the excess itc which claimed in the Fy 2018-19, kindly guide me how to further proceed , i have rs 7,00,000 ITC in my account , i am ready to return the excess input claimed by me.
the actually itc which i have excess claimed , i have properly bills also , how ever Gstr-2a, they are not reflected
kindly guide me
i have excess claimed Rs 5,60,000 for the FY 2018-19, how ever my sep 2019 return is also filed , in september 2019 month return , i have not reverese the excess itc which claimed in the Fy 2018-19, kindly guide me how to further proceed , i have rs 7,00,000 ITC in my account , i am ready to return the excess input claimed by me.
the actually itc which i have excess claimed , i have properly bills also , how ever Gstr-2a, they are not reflected
kindly guide me
CA Anita Bhadra
(Expert)
01 November 2019
File DRC 03 and pay excess ITC claimed.
GST portal enabled the feature of adjusting the amount to be paid with the amount available in Credit / Cash ledger
GST portal enabled the feature of adjusting the amount to be paid with the amount available in Credit / Cash ledger
HARISH BHATIA
(Querist)
01 November 2019
Mam , can i pay with ITC which is already available in my GST credit ledger or i have to pay through cash ledger only.
CA R SEETHARAMAN
(Expert)
01 November 2019
Reversal available upto March 2020.for fy 2018-19.
HARISH BHATIA
(Querist)
01 November 2019
Dear sir/ Madam,
please confirm which is the best solution whether to reverse in GSTR-3B OR I CAN REVERESE EXCESS ITC CLAIMED IN DRC-03
please confirm which is the best solution whether to reverse in GSTR-3B OR I CAN REVERESE EXCESS ITC CLAIMED IN DRC-03
CA Anita Bhadra
(Expert)
01 November 2019
With new updates on GST portal ? U can utilise available ITC in yr credit ledger and pay only balance amount
CA Anita Bhadra
(Expert)
01 November 2019
https://youtu.be/7CjgVos2WgU
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