ICICI

GSTR 9


Kamlesh R   12 November 2019

Kamlesh R

 3 points

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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.?

avater

Sajal Mandal   12 November 2019

Sajal Mandal

 14 likes  271 points

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Pay the same amount through Form DRC-03 in common portal and reverse the same ITC in next months GSTR 3B.
(And wait for Department notice)

1 Like
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Kamlesh R   12 November 2019

Kamlesh R

 3 points

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I have not used that credit.

still, Credit is available in my GST Credit ledger.

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Sajal Mandal   12 November 2019

Sajal Mandal

 14 likes  271 points

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Then you shall reverse the same.
If any notice issue by govt. in future then you show the copy.

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Surjeet Negi   12 November 2019

Surjeet Negi

 44 likes  914 points

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Please refer circular no. 26/26/2017 dt 29 dec 2017. in this case you can make adj in subsequent period 3b

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Dibin Divyakumar (CA)     12 November 2019

Dibin Divyakumar
CA 
 20 likes  736 points

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Reverse the ITC in next month 3B

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Pankaj Rawat (GST Practitioner)     12 November 2019

Pankaj Rawat
GST Practitioner 
 2927 likes  39110 points

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Any Adjustments related to FY 2017-18 cannot be done now..... except the wayout is need to pay the same in cash cash ledger & file DRC 03.

2 Like
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NAVEEN CHAND (GST Practitioner )     13 November 2019

NAVEEN CHAND
GST Practitioner  
 783 likes  11036 points

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reverse the credit via GSTR_3B 


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