CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

GSTR 9


Kamlesh R   12 November 2019

Kamlesh R

 7 points

| My Other Post

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  275 points

View Profile | My Other Post

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
avater

Kamlesh R   12 November 2019

Kamlesh R

 7 points

View Profile | My Other Post

I have not used that credit.

still, Credit is available in my GST Credit ledger.

avater

Sajal Mandal   12 November 2019

Sajal Mandal

 14 likes  275 points

View Profile | My Other Post

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

avater

Surjeet Negi   12 November 2019

Surjeet Negi

 47 likes  937 points

View Profile | My Other Post

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

avater

Dibin Divyakumar (CA)     12 November 2019

Dibin Divyakumar
CA 
 21 likes  741 points

View Profile | My Other Post

Reverse the ITC in next month 3B

avater

Pankaj Rawat (GST Practitioner)     12 November 2019

Pankaj Rawat
GST Practitioner 
 3419 likes  46398 points

View Profile | My Other Post

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
avater

NAVEEN CHAND (Just keep going. You never know how far you can go.)     13 November 2019

NAVEEN CHAND
Just keep going. You never know how far you can go. 
 875 likes  12413 points

View Profile | My Other Post

reverse the credit via GSTR_3B 

avater

Kamlesh R   13 December 2019

Kamlesh R

 7 points

View Profile | My Other Post

I have to mention it  in "Other Ineligible ITC" in my next GSTR-3B, Right Sir?

avater

Pankaj Rawat (GST Practitioner)     13 December 2019

Pankaj Rawat
GST Practitioner 
 3419 likes  46398 points

View Profile | My Other Post

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 


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
gst council meeting
ca
newgstreturn
custom
VAT
dgft
epf
ca exams
Excise
corporate law
gst return
ca rankholder interview
Service Tax
gst portal
mca
gstr 3b
Union Budget
taxpayers
itc
esic
rbi
dvat
csr
gstr 9
Others

FM by Grant Thornton    |    x