Gstr 3b revision
Saumil Soni (34 Points)
28 May 2020
in one case party has taken cess itc in the month of october, 2019 instead of igst itc now what to do to correct the same??
4 Replies
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 28 May 2020
Reverse through DRC-03 with interest if any
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 May 2020
As it is a transaction of FY 2019-20, based on Circular 26/2017, GSTR 3B returns can be amended upto September 2020. Therefore, in upcoming GSTR 3B, disclose Cess ITC under reversal column in Table 4B, and IGST ITC under Table 4A for claim.
Where Cess ITC is not utilised, applicability of interest can be litigated.
Himanshi Garg
(Ca Article)
(354 Points)
Replied 30 May 2020
Yes I do agree with CA Akshay ji.
You can make corrections in the return of next month.
You can make corrections in the return of next month.
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