Dear Sir,
At the time of filing of gstr 3B return of aug 2017, i Entered 14,40,000 in itc credit instead of 144000 i,e. Rs. 1296000 each cgst and sgst excess credit i.e. wrongly excess credit taken, because review return option was not available at that time.
i am pending to file 3B return of March, 2018
i asked cbec helpline how to rectified this error, they suggested me to reverse this credit in march 2018 return and pay interest @ 24% p.a it comes to near Rs. 6 lakh, it is not possible to pay such huge interest if i have wrongly entered such credit. i have not utilised such credit.
how to solve this case?
CAclubindia
