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Excess gst paid

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Kasi reddy N

29 Points Posted on 04 October 2020

Actual gst liability in fy 2017-18 is Rs.2000

client declared gst liability as Rs.3000 in 3B and paid and also setoff against 3000

How can we claim that excess gst paid?

1.can we apply for refund,neither it lies in cash ledger nor in credit ledger due to utilization against excess liablity declared

2.can we show less liability in 3B in fy 2018-19 beforevsep month return and pay less liability accordingly?

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Quick Summary

This discussion addresses how to reclaim GST paid in excess of the actual liability for FY 2017-18. The client declared and paid Rs. 3000 in GSTR-3B, but their actual liability was only Rs. 2000. The core question is how to claim the Rs. 1000 overpayment, as it doesn't appear in either the cash or credit ledger due to utilisation against the declared liability. Options discussed include applying for a refund via Form GST RFD-01 within two years of the relevant date, or potentially offsetting the excess against future liabilities in FY 2018-19.