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Excess GST Reported in GSTR 3B

589 views 3 replies

basavaraju

Manager Accounts & Compliance

24 Points Posted on 15 November 2021

We have reported an excess GST in GSTR 3B. In GSTR 1 the GST is 63370(SGST) and 63370(SGST), due to type error in GSTR 3B the Figures reported as 633730 ( SGST) and 633730(CGST) whereas 570360 (SGST) and 570360 (CGST) Reported as excess and the same is offset against ITC.

Now the accumulated ITC is reduced due to offset.

How do I deal with the Excess reported GST?

Replies (3)

CA Altamush Zafar

GST Consultant

15986 Points Posted on 15 November 2021

If you believe your turnover will be such that it can be adjusted in next return then you adjust it. Otherwise you can claim refund which will be in the form of ITC being credited back to your electronic credit ledger

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 15 November 2021

Agree with above comment

Pankaj Rawat

GST Practitioner

55067 Points Posted on 15 November 2021

First of all plz file Written complaint to helpdesk & raise the ticket , would be vital in any clarification to department in future.

Yes in term of Circular 137/07/2020 GST , reverse the same in your subsequent 3B & if there is not enough output liability against which such reversal can be adjusted , then refund can file.