Dear Sir
I have taken excess ITC by mistake in the return of Gstr3B month of March 23-23 and the table of itc has also showed red what should I do in this case please help me.
Menu
EXCESS ITC CLAIMED MARCH 22-23
Replies (4)
Quick Summary
Reverse the ITC in next month when you file 3B
Sir due to this the portal has become red is there any chance of notice
No, If you can reverse the itc in subsequent month,s retuen .
Reverse the ITC in subsequent month GSTR-3B, and if the excess claimed ITC is utilized for payment of outward liability then Interest on the same is also required to be discharged.
Recent Topics :
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
Related Topics :
CAclubindia
