GSTR3B query

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Mohammed Goryawala

651 Points Posted on 17 July 2018

Hi all,

I have paid approx 3K more than my liability and filed 3B.

Now what to do?

Will the rectification in GSTR1 will nullify that? And extra amount paid will be credited into the ledger?

Kindly help Pls.

Thanks!

Replies (7)

Vinod Babu

11239 Points Posted on 17 July 2018

Dear Sir , Brief your query...

Mohammed Goryawala

651 Points Posted on 17 July 2018

An invoice with less amount was considered as higher amount invoice and filed.

So in turn my liability was increased. But it was a mistake.
And I paid ₹3K in excess to my liability of ₹7800/-

So hence the dilemma.

meet enterprise

27 Points Posted on 17 July 2018

please specify for which month as from the month of April GSTR1 is being filed before GSTR3B. the excess amount will credited in your credit Ledger and you will have to adjust the same in the next month return.

Mohammed Goryawala

651 Points Posted on 17 July 2018

I filed 3B for June.

Are you sure on filing of GSTR1 on 31st July (Quarterly) the excess amount will be credited? Coz its the first time i am facing this scenario.

Gaurav Palta

324 Points Posted on 17 July 2018

No adjustment of taxes is currently available if there is difference in 3B and GSTR1. File your GSTR 1 with correct value first.Then reduce your liability in 3B in next month return by the excess amount paid in june.

Sumaid Yaseen

46 Points Posted on 17 July 2018

If you consider an invoice a higher amount then you have to issue credit note of such excess amount and in the next month the turnover and the tax will be decrease by such excess tax paid on excess turnover. This is the only way you can reverse this, you cant get the refund for excess amount after set off liability.