we filed gstr 3b and gstr1 . 2017-2018 year in three month return's we shown sales amount gstr1 return more than high gstr 3B. so find out error and we voluntary paid through Form DRC-03 in our avalible itc credit adjust .
if will show any further month in gstr3B, ?
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Drc 003 payment show in gstr3b ?
Replies (8)
no need not required
Absolutely not required .... keep the Printout of DRC 03 & cash ledger
dear Pankaj sir, interest is applicable for wrongly availed ITC in Tran-1, whether we have to pay interest for wrongly availed or wrongly utilised
Yes ...............As per Section 50 CGST act it's 24%.
plz deposit , & Setoff again by filing Drc 03
plz deposit , & Setoff again by filing Drc 03
for example, Rs.10000 am wrongly availed ITC in Tran-1, but i am utilised Rs. 5000 only remaining lying in credit ledger. now I found it was wrong credit. so I want reverse through DRC 03 as per section 73(5). guide me how much interest is applicable whether 5000 or 10000 as per section 50.
NO.... YOU HAVE TO CHARGE INTT. ON 10000/- (THE CREDIT LEDGER IS YOUR ACCOUNT WHETHER YOU U HAVE UTILISED IT OR NOT IS NOT MATTER)
thank you and congratulations
One of our Client GSTIN was cancelled. We applied for Revocation after all filing pending returns i.e., till SEP19. But, Officer demanded to make payment of liability for the month of OCT19 & NOV19 through DRC-03 and we paid. Now, our GSTIN is Active but how to adjust payment done through DRC-03 in GSTR3B. Can we claim amount paid through DRC-03 as ITC in GSTR3B. Because, Officer is not supporting us to how to take credit of amount paid through DRC-03 in GSTR3B. We are totally confused with this Issue. Can somebody help me to how to proceed with this issue.
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