Excess input claimed in GST return

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240 Points Posted on 24 September 2020

How can we rectify excess itc claimed in 3B returns during F.Y. 2018-19 but not amended in Apr19-Jun19, in annual return GSTR9

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On 24 September 2020 at 21:02 Report
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Quick Summary
If you've claimed excess Input Tax Credit (ITC) in your FY 2018-19 GST returns and haven't amended it in the April-June 2019 period, you can rectify this through your annual GSTR-9 return. Alternatively, you can reverse the excess ITC by filing Form DRC-03 or by adjusting it in your next GSTR-3B return.

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85 Points Posted on 24 September 2020
Amount excess itc claimed during F.Y. 2018-19 should substract from amount ITC claim next sept return.
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On 24 September 2020 at 21:48
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32 Points Posted on 25 September 2020
You may reverse the excess itc by Filing DRC-03
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On 25 September 2020 at 23:13
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615 Points Posted on 26 September 2020
You can reverse the excess ITC either in next 3B return or through DRC 03.
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On 26 September 2020 at 12:06

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