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6 months GSTR 3B filed with incorrect invoice tax rates, with tax paid and ITC Claimed


mashuk (student)     13 December 2019

mashuk
student 
 1 likes  36 points

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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.

avater

Pankaj Rawat (GST Practitioner)     13 December 2019

Pankaj Rawat
GST Practitioner 
 3511 likes  47534 points

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In your current month GSTR 3B ,Reverse ITC & Reduce the tax liability by the amount excess reported earlier from your current month sale

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mashuk (student)     13 December 2019

mashuk
student 
 1 likes  36 points

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And what about gstr1, which has to be filed quarterly, how to avoid gst 3b and 1 mismatch?

avater

Shivam RC (Student)     13 December 2019

Shivam RC
Student 
 2621 likes  20466 points

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You have to reverse the ITC claimed from April onwards

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