Excess ITC in 3B

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131 Points Posted on 21 April 2020
while doing GST 9 for FY 18-19 it's observed that 8k itc is excess claim in 3B with compared to books. so what should I do? I have balance in Credit Ledger of Rs. 12 k can I adjust through this in GST 9 How?
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On 21 April 2020 at 18:04 Report
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If you've claimed excess Input Tax Credit (ITC) in your GSTR-3B for FY 2018-19 compared to your books, you cannot adjust this directly in your GSTR-9 annual return. The correct procedure is to reverse the excess ITC claimed in a regular GSTR-3B filing and pay the applicable interest on the amount. Your credit ledger balance can be used for future regular filings.

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1891 Points Posted on 21 April 2020

Yes you can make the adjustment in your annual return to be filed for FY 2018-19. 

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On 21 April 2020 at 18:13
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131 Points Posted on 21 April 2020
In which box in gst 9 & under what section @ spurto consultancy services
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On 21 April 2020 at 18:14
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36 Points Posted on 21 April 2020
You cannot adjust ITC in gstr 9. You should reverse the excess in normal gstr 3b and pay interest
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On 21 April 2020 at 22:56

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