We have filed GSTR 3B for the month of March 2018, Which is ignored ITC for one purchase bill and one Sale Bill. Understand the Sale Bill is 100% material according the same purchase bill. But we Shown that Sale Bill in GSTR1 for the month of March 2018. Purchase bill ITC is around Rs.15,00,000/-.not take in March 18. What is the procedure to take ITC regarding that purchase bill?
09 May 2018
Input tax credit can be taken before the due date to furnish subsequent year September month return i.e. 20th October 2018 (Section 16(3) of CGST Act. The missed out purchase bill can be taken in Apr 18 return. Missed out sale bill also you can show in Apr 18 return (GSTR-3B) to avoid more interest liability. Only one month interest is payable. If you disclose only in GSTR-1, the tax payment cannot be made through GSTR-1 and the interest liability will continue till GSTR-3 return.
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