Had made payment in GSTR 3B for an invoice but after making the payment the transaction was cancelled by the vendor. Later, While filing GSTR1 I did not declare the details of the invoice as the transaction was cancelled.
Is there a way I can claim this amount inspite of not declaring invoice details in GSTR1? Will I be able to claim the excess money in GSTR2 (once it is launched)?
Thanks in advance!
Dear.,
No need to worry about GSTR 3B.....
You will reverse the same value in Your next GSTR 3B... Also you can use the amount in Your next Liability.
| Originally posted by : RAJA P M | ||
 |
Dear., No need to worry about GSTR 3B..... You will reverse the same value in Your next GSTR 3B... Also you can use the amount in Your next Liability. |
 |
Thanks for the reply! This excess payment was made in somewhere in August last year. Can this be adjusted in next months (April) GSTR3B?
Yes... Why not...?
In GST our Cash Ledger Balance and Credit Ledger balances is C/f to next month / Year... You can adjust if You have Balances...
No more restrictions for adjusting our Balances. But, Only the same head of Cash Payments...
| Originally posted by : RAJA P M | ||
|
Yes... Why not...? In GST our Cash Ledger Balance and Credit Ledger balances is C/f to next month / Year... You can adjust if You have Balances... No more restrictions for adjusting our Balances. But, Only the same head of Cash Payments... |
|
Dear Sir,
As the payment was made in GSTR3B and invoice details were not mentioned in GSTR1. Also, no credit note was raised. I can not see the excess amount paid in cash or credit ledger. It is like I paid GST for an invoice for which I never received the payment and apart from payment in GSTR3B, I do not have any other record of that invoice in GST portal.
Pls. help
CAclubindia
