GST credit excess taken in 3b return


padhiyar Vijaykumar   20 August 2019

padhiyar Vijaykumar

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dear Sir,

we have by mistake take excess credit in 3 b return.you are requested to please suggest me what do?

RAJA P M ("Do the Right Thing...!!!")     20 August 2019

RAJA P M
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reverse the ITC in Your next GSTR 3B return.

avater

Akshay Jain (B. Com)     20 August 2019

Akshay Jain
B. Com 
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You have to reverse these credit in next month's GSTR-3B in table 4(B) and also have to pay interest @ 24% on excess ITC Taken amount.


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