Dear sirs,
I couldn't remit tax as per my gst statement of account because of
some wrong credits accumulated
as the B2B suppliers did not upload
the bills in time but later. Can i rectify
the itc now so as to enable me to remit
tax for last Dec. 22 and Jan 23.
Andrews A. X. from Kochi, Kerala
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Amend the itc as per my account
Replies (5)
Quick Summary
Yes, You Can reverse the wrongly taken Input tax credit in the month of Dec 22 and Jan 23 with interest now and also you have to pay taxes with interest for same period in current return .
Sir, in fact i tried to reverse in Dec and Jan, but autopopulated figures could not be rectified. pl. tell me what is the procedure. Andrews from Kochi 🙏🏻
Reverse wrongly taken ITC in February 23 month return (GSTR3B) , with interest, and whatever sales invoices not filled of Dec 22 and Jan 23 you report in GSTR1 February 23 return, and pay the taxes with interest in GSTR3B.
I hope you have taken wrong ITC in the month of Dec22 and Jan 23 through GSTR3B , therefore you have reverse now with Interest
Even though I have filed the GST-R3B, i couldn't remit
tax because the itc credit was set off.
tax because the itc credit was set off.
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