Gstr 3b

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Anoop (Querist)

19 March 2018 We are wrongly amount enntered in GSTR 3B in column 4(A)(5) All other ITC in Integrated Tax column amount entered Rs. 1,00,000 and CGST Rs. 2,500 and SGST Rs. 2,500.
But in IGST column Rs.1,00,000 this is actually purchase amount not IGST. How to reverse in GSTR 3B.
And in which column amount reversal. Kindly solve this problem.

Udaya Chandran

Udaya Chandran (Expert)

19 March 2018 You may not be able to amend the GSTR 3B once submitted. However you can correct the mistakes in GSTR 1, 2 & 3.

RAJA P M

RAJA P M (Expert)

19 March 2018 You can reverse the Wrong values in Your next GSTR 3B...

Udaya Chandran

Udaya Chandran (Expert)

19 March 2018 Yes, I agree with Mr.Raja, you can also reverse the ITC in the subsequent month to correct the error.

Anoop

Anoop (Querist)

19 March 2018 In which column reverse the ITC?

RAJA P M

RAJA P M (Expert)

19 March 2018 Column 4 - Eligible ITC... (B) ITC Reversed (2) Others...

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

30 October 2026 Reverse the wrong IGST credit in Table 4(B) of the next GSTR-3B; interest at 18% under Sec 50(3) is payable only if the wrong credit was utilised, i.e. the credit ledger balance fell below Rs 1 lakh before reversal, counted from the date of utilisation.

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