Itc mismatch
This query is : Resolved
28 May 2019
Good Evening to All Experts,
I am facing problem in Gstr 9. 17-18. Means I
have Input Tax Credit in 3B = 5 lakh
I have Input Tax Credit in Books= 6 lakh.
Sir/Mam what i will do in above case where my Input Tax Credit in Books is more than from 3B. Please halp
I am facing problem in Gstr 9. 17-18. Means I
have Input Tax Credit in 3B = 5 lakh
I have Input Tax Credit in Books= 6 lakh.
Sir/Mam what i will do in above case where my Input Tax Credit in Books is more than from 3B. Please halp
CA Anita Bhadra
(Expert)
28 May 2019
In case , you had availed excess credit , it need to reversed thru Table 7 H and pay tax fir additional liability thru DRC 03
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29 May 2019
MAM ITC IN 3B ( 5 LAKH) AND IN BOOKS 6 LAKH. 1 LAKH AMOUNT ITC NOT TAKEN IN 3B
CA Anita Bhadra
(Expert)
31 May 2019
Its very strange rule of Govt - Excess credit need to be reversed but less credit can not be claimed thru Annual Return .
It will simply lapse
It will simply lapse
04 June 2019
THAN MAM WHAT I WILL DO IN THAT CASE IN TABLE 6 OF GSTR 9 ANNUAL RETURN ? WILL I FILL ONLY THAT ITC ( 5 LAKH.) DETAIL IN TABLE 6 WHICH IS SHOWN IN GSTR 3B? AND MAM BALANCE 1 LAKH AMOUNT WHERE I WILL SHOW IN ANNUAL RETURN GSTR 9
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