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GST Input Excess claimed in GST-3B in previous year

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naveen

171 Points Posted on 18 September 2022

Hi All,

I have claimed excess GST input in the previous years 2021-22. The closing balance of the electronic credit ledger should be 16650 (CGST Rs. 8325 and SGST 8325) but the closing balance is showing as Rs. 24200 (CGST Rs. 12100 and SGST Rs. 12100). But Today I have identified it while reconciling GST. How to reverse excess GST input in the previous year 2021-22 and how to take the same effect in the current year 2022-23 (August-2022 GST Return).

Thanks,

Replies (2)

Quick Summary

This discussion addresses how to rectify an excess GST input tax credit claimed in the previous financial year (2021-22). The user discovered a discrepancy where their electronic credit ledger balance was higher than it should be. The advice provided is to reverse the excess claim by reporting it under Table 4(B)(2) of the current GSTR 3B or by paying it through Form DRC-03, setting off the amount from the credit ledger.

vikram kerekar

918 Points Posted on 18 September 2022

Put in itc reverse column

Pankaj Rawat

GST Practitioner

29904 Points Posted on 20 September 2022

Reverse the same by reporting under table 4(B)(2) of your current GSTR 3B .
else , if you can also pay it by filing DRC 03 (Setoff from your credit ledger)