Dear Expert,
i had taken excess credit in GSTR-3b during 17-18 around 300000/-.
and i forgot to mention in GSTR9.
Now, what is the solution of excess credit available in my credit account.?
Sajal Mandal
(294 Points)
Replied 12 November 2019
Kamlesh R
(7 Points)
Replied 12 November 2019
I have not used that credit.
still, Credit is available in my GST Credit ledger.
Sajal Mandal
(294 Points)
Replied 12 November 2019
Surjeet Negi
(947 Points)
Replied 12 November 2019
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 12 November 2019
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 13 November 2019
reverse the credit via GSTR_3B
Kamlesh R
(7 Points)
Replied 13 December 2019
I have to mention it in "Other Ineligible ITC" in my next GSTR-3B, Right Sir?
Pankaj Rawat
(GST Practitioner)
(55030 Points)
Replied 13 December 2019
as per order 2/2018 CT ,Dated 31.12.18 , any amendment related to fy 2017-18 can be done by 31.3.19.
hence now the same cannot reverse in your gstr 3b, so advisable to file deposit in cash ledger with interest & file DRC 03
Kamlesh R
(7 Points)
Replied 13 December 2019
Why should i pay if i didn't use it.
Excess Credit is still available in Credit ledger.
I just want to reverse wrong credit.
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