gst excess claim

nitinjain (accountant) (395 Points)

24 October 2018

Wrongly claim In f. Y. 2017-18 can I reverse in Oct month return in 2018

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3 Replies

Vinod Babu (24191 Points)
Replied 24 October 2018

Yes, you can reverse it oct month

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 24 October 2018

No you cannot ,.... any adjustment pertaing to 2017-18, cannot be done after sept 18 rerurn filed

Ramachandran R (117 Points)
Replied 25 October 2018

Originally posted by : Vinod Babu
	Yes, you can reverse it oct month

I have to take almost 11k ITC for last year which I didnt claim

Among which I've to reverse 2k for exempt supplies. Another 2k for excess ITC Claimed. still 7k to be claimed so whether have to pay any interest??

Should i show 11k in ITC head or 7k after reducing the reverse. Thanks in advance

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