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Excess GST Reported in GSTR 3B

SGST 245 views 3 replies

basavaraju

Manager Accounts & Compliance

24 Points Joined April 2012

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 Joined March 2013

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 Joined November 2019

Agree with above comment

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

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.