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Claimed excess ITC of Rs.434 in FY2020-21 .Should I file GSTR9 for correction ?

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Prakhar

BUSINESSMAN

153 Points Posted on 26 December 2021

My turnover is less than 1Cr for FY 2020-21 .

1. I have claimed extra ITC of total of Rs.434 (217+217) (in pic below )

2. Also I issued debit notes to supplier which I uploaded in GSTR1 but failed to adjust the same in my GSTR3B due to which I am also getting difference in tax liability of Rs.1725 (862.59+826.59 )

To correct this mistake should I file GSTR9 or not ?Or can these mistakes be ignored ?

Replies (2)

Quick Summary

This discussion addresses whether to file a GSTR9 for the financial year 2020-21 to correct minor errors. The user has claimed an excess Input Tax Credit (ITC) of Rs.434 and failed to adjust debit notes in GSTR3B, leading to a tax liability difference of Rs.1725. The advice suggests filing GSTR9 and paying the outstanding amount via DRC-03, along with applicable interest on the reversed ITC.