Regarding wrong itc in 3 b. but want to reverse in gstr 9


(Querist)
14 June 2019
Namaskar Sir / Madam
Sir need your help. Sir I Have Taken wrong input tax credit in Gstr 3B in Month of July 2017.Sir not reverse these wrong Itc in any monthly return 3B and in f.y 2017-2018 , 2018-2019, 2019-2020 Sir just wanted to knew that how i will be reverse these wrong itc in Gstr 9 ???
Example. Itc In 3B in F.Y 2017-2018 = 10000
Wrong itc include in above amount = 2000
Sir these 2000 amount i was forgot to reverse these amount in any f.y 2017-2018,2018-2019,2019-2020. But i want to reverse these amount in Gstr 9 . So please guided me



CA R SEETHARAMAN (Expert)


Click to Talk 14 June 2019
Show correct ITC in GSTR 9 shortfall of tax will be there pay the tax with interest through DRC 03.

Rajiv (Querist)
14 June 2019
butt sir where and in which coloumn in Gstr 9 . because in Table 6 . we can only bifurcate itc as showing in 3b. Than sir in which coloumn . becuase i never show these amoutnt in 3B in any monthly return. So i Confeused . Please Help

CA R SEETHARAMAN (Expert)


Click to Talk 14 June 2019
Enter in table 7 H and specify reversal in gstr 9.

Rajiv (Querist)
14 June 2019
thanks very much sir

Rajiv (Querist)
14 June 2019
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 help how i will reconcile my book with Gstr9 ?


CA R SEETHARAMAN (Expert)


Click to Talk 14 June 2019
What is the reason for the difference. Did you claim less ITC in 3B.

Rajiv (Querist)
14 June 2019
SIR MAY BE. HOW CAN I REVERSE IN RETURN 9. BECAUSE WE CAN NOT CLAIM ITC THROUGH 9. SO HOW I WILL RECONCILE THIS

CA R SEETHARAMAN (Expert)


Click to Talk 14 June 2019
First find the reason I will provide you the solution.

Rajiv (Querist)
15 June 2019
GOOD MORNING SIR,
SIR ABOVE QUERY ONLY A EXAMPLE MY ACTUAL EXCESS ITC IN BOOKS THAN 3B IS 25 LAKH. THIS HUGE VALUE I CANT FIND IN MY BOOKS. AND SIR IN GSTR 9 I CAN"T AVAIL ITC. SO IN THIS CASE WHAT I WILL DO SIR ?

CA R SEETHARAMAN (Expert)


Click to Talk 15 June 2019
First find the reason for the difference.

Rajiv (Querist)
15 June 2019
OK SIR I WILL CALL YOU.
How to clear FOC goods. On Tax Invoice or Bill of Supply? As the goods are FOC can we prepare invoice at 0 value?


CA R SEETHARAMAN (Expert)


Click to Talk 15 June 2019
In case of clearance of physician samples distributed free of cost, the ITC availed on the said samples has to be reversed in view of the provisions under Section 17(5)(h) of the CGST Act, 2017. No tax is payable on clearance of physician samples distributed free of cost as thevalue of supply is zero and no credit has been availed.
Use bill of supply.


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