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.?
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GSTR 9
Replies (10)
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)
(And wait for Department notice)
I have not used that credit.
still, Credit is available in my GST Credit ledger.
Then you shall reverse the same.
If any notice issue by govt. in future then you show the copy.
If any notice issue by govt. in future then you show the copy.
Please refer circular no. 26/26/2017 dt 29 dec 2017. in this case you can make adj in subsequent period 3b
Reverse the ITC in next month 3B
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.
reverse the credit via GSTR_3B
I have to mention it in "Other Ineligible ITC" in my next GSTR-3B, Right Sir?
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
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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