I have excess claim ITC in GSTR 3B of F.Y. 2017-18 but I have Less Claim in F.Y. 2018-19

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This discussion addresses a common GST issue where a taxpayer has an excess Input Tax Credit (ITC) claim in GSTR 3B for FY 2017-18 but a lesser claim for FY 2018-19, without properly noting the reversal in GSTR 3B. The AO has issued a notice for demand. The advice suggests that the ITC reversal should have been reflected in GSTR 3B and subsequently in Table 13 of GSTR-9. It's crucial to check if the reversal is reflected in the cash or credit ledger and to ensure that any excess credit is properly accounted for, even if not utilised. If the reversal was mentioned in GSTR-9, it should ideally have been shown in GSTR 3B as well.

mahi devta

mahi devta (Querist)
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28 September 2023 I have excess claim ITC in GSTR 3B of F.Y. 2017-18 but I have Less Claim in F.Y. 2018-19 but not mentioned in GSTR 3B ITC reversal Column. But in GSTR 9, I have mentioned reversal of ITC . AO was issued notice for demand. What can i do.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2023 Check, now amount of reversal of ITC through DRC-03 should be reflected at Table 13 of GSTR-9 (Annual Return).

Check your effect of reversal in cash or credit ledger. If it's there really to the notice.

mahi devta

mahi devta (Querist)
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28 September 2023 I have already Less Claim in F.Y. 2018-19 but not mentioned in GSTR 3B ITC reversal Column,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2023 you should have credit on the date of excess claim.

mahi devta

mahi devta (Querist)
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28 September 2023 yes I have extra credit
.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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28 September 2023 Subsequently not utilised till date.

CA Shyam Agrawal

CA Shyam Agrawal (Expert)
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28 September 2023 REVERSAL IS TO BE SHOWN. YOU HAVE LESS CLAIMED CAN'T PROVE THE REASON ITSELF. AS IN GSTR9 ALSO REVERSAL IS MENTIONED SO IN 3B YOU SHOULD HAVE CLAIMED ENTIRE ITC AND SHOULD HAVE REVERSED THROUGH SHOWING REVERSAL. AND THINGS MAY ALSO DEPEND ON GSTR9 OF 18-19 REGARDIG REASONS OF LESS CLAIMING ITC.

mahi devta

mahi devta (Querist)
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28 September 2023 I have less claimed ( 2018-19 eligible ITC less 2017-18 extra claimed ITC) in fy 2018-19, but i have not mentioned in reverse column in gstr 3b. I have mentioned in gstr 9 reversal of ITC.

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