One builder told me that his accountant has filed GSTR3B with 8% tax rate (Affordable houses) even after April, 19 for 3 months and has claimed ITC. But the tax rates has changed to 1% with no ITC allowed, so what should I suggest and do in this case, since ITC has been already claimed in all the 3 months.
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6 months GSTR 3B filed with incorrect invoice tax rates, with tax paid and ITC Claimed
Replies (3)
In your current month GSTR 3B ,Reverse ITC & Reduce the tax liability by the amount excess reported earlier from your current month sale
And what about gstr1, which has to be filed quarterly, how to avoid gst 3b and 1 mismatch?
You have to reverse the ITC claimed from April onwards
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