This is bit complicated query .
While filiing very 1ST Return of GSTR3B of July’17, we have taken Transitional Cenvat Credit under TransitioNAL ITC column ,around Rs.10.00 lakhs .
And in confusion (1st Return) same ITC is shown in column- All other ITC , which is realized after filing the retrun , that we have claimed Excess ITC which were showing under Central Tax.
But we have not utlised that ITC , and as we can’t Revised GSTR3B it is was got continued and showing that excess ITC in Electronic Credit ledger.
After that in Jan’18 while filing GSTR3B, by erroneously Excess ITC got set off against output liability. But Electronic Cash ledger is showing excess balance. (As we have paid Differential output liability in Cash)
Experts , please help us and guide in what manner we can Reversed that Excess ITC.
CAclubindia
