Dear experts,
I have availed credit in aggregate in GSTR 3B in excess (₹1300) of the amount shown in GSTR 2A for the FY 2019-20. the annual return has not been filed yet.
What can be done in this situation?
What re the possible solutions?
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Excess ITC availed than shown in GSTR 2A
Replies (4)
You have to reverse input tax credit wrongly excess taken in the year 19-20 with interest through DRC-03 at time of filing Annual return 19-20 .
Agree with prasad
@ prasadnilugal, @ sourav sir, can you please specify the period to be considered for the interest calculation?
The period for interest calculation will be from the due date of return (Form GSTR-3B) on which month u availed the excess ITC till the date of filing of Form GSTR-9.
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