20 May 2020
Sir 1. GSTR 9 filing is optional for FY 2017-18 as my turnover is below 2cr but in portal I claimed excess ITC and not yet reversed. since it's not yet paid, do i need to pay penalty? As am paying interest @18%. 2. Following to same query for FY 17-18, some vendors has filed invoices in FY 2018-19 pertaining to ITC of FY 2017-18 . Due to which ITC is reflecting in FY 2018-19 b, but i availed it in FY 2017-18 because the invoice given by my vendor is of FY 2017-18. How to explain it to authorities and ITC excess claimed difference is reflecting in the portal.
20 May 2020
1 Pay through DRC 03 GST and interst no need for any penalty payment in case of voluntary payment. 2 It's allowed and can be explained when any query raised by tax authorities. No need for any reversal or payment for such differences.
CAclubindia
