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Excess claim and paid with DRC03

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ashish dharkar

accountant

152 Points Joined November 2018

Dear sir/Madam,
Amt 2000 IGST excess taken in month dec 23 of gstr 3B and paid by drc03 on dec24.so where I have to show in gstr9 of table 6 B, table 7 table 9 and table 14 also share of GSTR 9c where to show pls confirm.

Best regards
Ashish

Replies (1)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9434 Points Joined December 2011

To accurately reflect the excess IGST payment in your GSTR-9 and GSTR-9C, follow this guidance:

GSTR-9 1. *Table 6B*: Report the excess IGST payment of ₹2000 in column (2) "IGST paid on intra-state supplies" or column (3) "IGST paid on inter-state supplies", depending on the nature of supplies. Mention "Excess IGST payment" in the remarks column.

2. *Table 7*: As the excess payment was made through DRC-03, you don't need to report it in Table 7, which is for tax payable and paid.

3. *Table 9*: Report the adjustment of excess IGST payment in column (4) "IGST" of Table 9. This adjustment will reduce the total IGST liability.

4. *Table 14: Mention the details of the DRC-03 payment, including the date, amount, and payment reference number, in Table 14. GSTR-9C 1.

Part A - Reconciliation of Turnover and Tax Payable*: -

Report the excess IGST payment in the "Additional Liability" section, if applicable. -

Reconcile the IGST liability and payment in the "Reconciliation of Tax Payable" section.

2. *Part B - Reconciliation of Tax Paid*: - Report the DRC-03 payment details, including the date, amount, and payment reference number.

Ensure accurate reporting and reconciliation to avoid any discrepancies or potential penalties. Consult a tax professional or chartered accountant if you need further clarification.

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