Excess ITC availed than shown in GSTR 2A

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Student
141 Points Posted on 30 March 2021
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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On 30 March 2021 at 09:54 Report
Replies (4)
Quick Summary
If you've claimed more Input Tax Credit (ITC) in your GSTR 3B than what appears in GSTR 2A for FY 2019-20, you'll need to reverse the excess amount. This should be done using Form DRC-03, along with applicable interest. The interest will be calculated from the due date of the GSTR 3B return when the excess ITC was claimed, up to the date you file your annual return (GSTR-9).

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3924 Points Posted on 30 March 2021
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 .
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On 30 March 2021 at 10:09
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Chartered Accountant
24588 Points Posted on 30 March 2021
Agree with prasad
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On 30 March 2021 at 10:14
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Student
141 Points Posted on 30 March 2021
@ prasadnilugal, @ sourav sir, can you please specify the period to be considered for the interest calculation?
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On 30 March 2021 at 10:35
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261 Points Posted on 31 March 2021
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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On 31 March 2021 at 01:06

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