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Amend the itc as per my account

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55 Points Posted on 14 March 2023
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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On 14 March 2023 at 12:35 Report
Replies (5)
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GST Practitioner & Accounts
15083 Points Posted on 14 March 2023
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 .
24 Reply
On 14 March 2023 at 13:27
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55 Points Posted on 14 March 2023
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 🙏🏻
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On 14 March 2023 at 17:06
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GST Practitioner & Accounts
15083 Points Posted on 14 March 2023
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.
24 Reply
On 14 March 2023 at 17:28
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GST Practitioner & Accounts
15083 Points Posted on 14 March 2023

I hope  you have  taken wrong  ITC  in the month  of  Dec22  and  Jan 23  through  GSTR3B ,  therefore  you have  reverse  now  with  Interest  

24 Reply
On 14 March 2023 at 18:15
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55 Points Posted on 14 March 2023
Even though I have filed the GST-R3B, i couldn't remit
tax because the itc credit was set off.
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On 14 March 2023 at 18:36


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