22 April 2020
I AM C.NAVEEN KUMAR, GST CONSULTANT, IN ONE OF MY CLIENT, THERE IS AN EXCESS OF ITC OF RS: 8400.00 IN GSTR -2A and short in GST 3RB FOR THE FINANCIAL YEAR 2018-19, WE WANT TO FILE THE GST R 9 ANNUAL. SO HOW CAN WE CLAIM THE EXCESS ITC OR WE HAVE TO TRANSFER THE SAME TO THE YEAR 2019-20 ?
23 April 2020
Sir, In this case first you can reconcile 2A statement from 3b and discuss with your client that why is difference occur. Reason should be following 1. client purchases but not claimed ITC 2. client receive but reverse ITC because of ineligible like ( car repair, bike repair etc.) 3. wrong ITC showing in 2A
after this discussion you can claim your own eligible ITC and balance you can drop by ineligible / eligible but not claimed/ reverse ITC.
CAclubindia
