Gstr-3b

24 May 2018

I was filed my Gstr-3b return but i filed too much itc by mistake what should i do now? I taken approx (6* ) input instead original input.

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 24 May 2018

In GSTR 3B You can reverse the wrongly enter the amount in the Colum of
4 - (B) - (2)

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 24 May 2018

yes agree with Mr Raja , As there is no column for such reversal , but no other way out.

Tushar Nanaware (131 Points)
Replied 24 May 2018

also pay interest @ 24% per annum for number of days payment delayed due to wrong credit

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 24 May 2018

Originally posted by : Tushar Nanaware
	also pay interest @ 24% per annum for number of days payment delayed due to wrong credit

Yes... You are correct... If it's utilized mistakenly or Wrongly then Interest is applicable...

But.,

It's not utilize or set off then no nee to pay interest for the mistakes...

manish anand (Sr. Executive) (44 Points)
Replied 24 May 2018

Interest 18% or 24%

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 24 May 2018

Originally posted by : manish anand
	Interest 18% or 24%

https://cleartax.in/s/gst-return-late-fees

Tushar Nanaware (131 Points)
Replied 24 May 2018

24% in case of wrong itc. 18% in case of delayed payment

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