Gstr 3b reset button discontinued

Return 4501 views 7 replies

Dear All

I am a small business owner (Services and Trading in IT with turnover of under 50 lacs) and have been learning and filing my GST Returns since the time it started.

I did a big mistake while trying to fill my GSTR 3B for Dec 2018.

I had a Input GST Taxable  Purchase (Local)  of around 9 Lacs   for this month and SGST and CGST of around  81,000 each for ITC. There was no Interstate Purchase so the Input IGST was supposed to be 0.

In a big blunder, in the Input Tax Credit - All Other ITC Page of Form 3B the  Taxable amount (9 Lacs) was entered insted of 0 for Input IGST. The SGST and CGST were entered correctly as around 81,000 for ITC.
While paying tax the tax amount of around 60,000  (IGST + SGST + CGST)  was set off against this IGST ITC of 9 lacs  that was entered by mistake. I was supposed to set off  the tax payable against the Cash Ledgers.

The Credit Ledger is showing a balance of Rs 8.40,000 (9 Lacs - 60,000 used) as Input IGST.
The amount to be paid is already paid and lying unused in the Cash Ledger (Around Tax 60,000).

Unfortunately the GSTR 3B is submitted and shown as submitted in Status. I have not yet filed the return.
I need to change the Input IGST amount to 0 from the incorrect Taxabale Amount of 9 Lacs that was entered.

I saw in some Youtube videos that there is a Reset GSTR3B Button, but I do not see it.
I spoke to the help desk and they tell me that it is not possible to make changes after it is shown as submitted. They told me that I will have to file the return as it is and reverse the wrong ITC in the next month's GSTR 3B.
I saw some youtube videos about making error corrections in the wrong ITC in the subsequent month's GSTR 3B.  But in those only an amount upto the amount of ITC of IGST for that month can be reversed. My figure is huge at 9 lacs to be reversed and I never have ITC of  other state (IGST). My worry is how will I be able to reverse if if I have no Input IGST ITC in future months. Will I be able to reverse it agains the Ledger Credit Balance of IGST ITC ?

I am not an accounts person and I do not want to get into trouble for this. What will be the best way to get this resolved.

Experts here please guide me on how to fix this as I am having sleepless nights.  Should I report the error to my Ward Officer. Will they be able to remove the 9 Lac IGST input credit entered through their systems ? I still have 7 days before the due date for filing this GSTR 3B Return for Dec 2018.

Thanks in Advance

Amit Kalra


 


Attached File : 124861 20190114120128 screenshot itc 1.jpg downloaded: 115 times
Replies (7)
You have to file the return of December month because it has submitted and now you can not reset it.
In the next month you should reverse the IGST credit with interest by increasing the outward tax of IGST.
Suppose if you have IGST tax payable 100000/- then add the wrong ITC claimed in previous month. It should be 1010204.90 (IGST tax payable).

Thanks for the reply Mohit.

Next month should I not reverse the wrong amount in GSTR3B - Eligible ITC = ITC Reversed - Others - IGST   ?

Amit

 

No,
You should increase the IGST amount in 'outward taxable supply' tab by 910204.90
You do not need to change anything in 'ITC' tab
dont reverse the full itc in ur next month return otherwise i think it will require you to pay in cash the excess amout of igst which you already utilized....... reverse the remaining itc available in igst......
and show the amount of itc you utilized wrongly in previous month gstr 3b in your present return as tax payable., it will automatically get adjusted from cgst n sgst balance available in your credit ledger...

Thanks for the replies. It is clear that I cannot do anything to fix the current GSTR3B for Dec 2018. I should just File it with the error. It will have to be reversed in the next GSTR 3B for Jan 2019.

I am still not clear on how we will reverse the wrongly taken IGST. What would be the correct way to reverse it in the next month's GSTR 3B.

1. Should it be reversed it  GSTR3B - Eligible ITC = ITC Reversed - Others - IGST
2. Should it be added to Outward GST for next month like Mohit suggests. If I do this won't it increase the sales ?
 
Also what should be the amount to be reversed - the total amount of around 9,10,000 wrongly entered in the IGST input tax for Dec 2018, or the amount left in the credit ledger after adjustment of the tax.
 
I still have time, but kindly suggest the right way to get this resolved.
 
Amit Kalra


 

Ok I have filed the GSTR3B for Dec with the error as there was not way to change it.

Bumping this thread to get advice as to how best I can reverse the error in the next GSTR3B Return for Jan 2019.

Amit Sir

I do have a similar problem. Kindly let me know how the problem got resolved?

please 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register