Electronic Credit ledger and GL difference

In Accounting Software, Bills and Credit note both are accounted. But in GSTR3B, ITC from Bills only shown, Credit note are not shown. GSTR9 also filed. The difference of the ITC from ECL and GL is Credit note. Now the difference is to be adjusted in GSTR3B.

What is the consequence and how to solve the issue?

Thank you

 

Replies (3)
Quick Summary
This discussion addresses a common accounting issue where credit notes, accounted for in software, are not reflected in GSTR3B's Input Tax Credit (ITC). The difference between the Electronic Credit Ledger (ECL) and General Ledger (GL) is identified as these credit notes. The thread explores how to adjust this difference in GSTR3B, including options like depositing cash via DRC-03 or rectifying the ITC balance by setting off against the credit ledger, with considerations for applicable interest.

Deposit in cash ledger & file DRC 03 .
I (nterest applicable @ 18% in term of Section 50)

Thank you sir,

Service provided @ 5% but Services received @ 18%. So we have Excess ITC. We are planning to apply ITC Refund. 

As excess ITC available, why Cash is to be deposited and file DRC. We can reduce the ITC balance (Rectify Now)?

Yes in that case, can file drc 03 by setting of from your credit ledger. no need to depoist cash

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
13 November 2026
Accountant

New Mobile India

Muzaffarpur

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details