CLAIMED WRONG ITC IN MAR2020 RETURN

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2 Points Posted on 10 January 2021

BY MISTAKELY I HAVE ENTERED WRONG VALUE IN ITC MARCH2020 GSTR3B RETURN. HOW CAN I RECTIFY as all the returns are being filled till date.

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On 10 January 2021 at 19:50 Report
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Quick Summary
If you mistakenly claimed the wrong Input Tax Credit (ITC) in your March 2020 GSTR-3B return, you can rectify this error. The primary method is to make the correction in your GSTR-9 annual return. Alternatively, you can adjust the excess ITC claimed by reversing it through a DRC-03 form or by correctly filing your GSTR-1 and adjusting the ITC in the following month's GSTR-3B.

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Chartered Accountant
24588 Points Posted on 10 January 2021
You can rectify such itc in gstr 9
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On 10 January 2021 at 20:15
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Tax consultant
5895 Points Posted on 10 January 2021
Make the rectification in annual return
file Gstr1 correctly
and adjust in next month ITC
btw sep you filled
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On 10 January 2021 at 20:16
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Chartered Accountant
86505 Points Posted on 23 January 2021
If you claimed excess ITC, then reverse it through DRC.
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On 23 January 2021 at 22:50

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