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Input credit wrong claimed

Kollipara Sundaraiah (B.com) (3005 Points)

24 July 2020

dealer regular scheme registered dealer in gst act.purchases input credit wrong claimed amount igst es.37,500/- instead of rs.3,37,500/- mistake shown in gstr3b February,2020 return.
dealer how to adjustment producure input credit wrong claimed difference amount rs.3 lacs shown in gstr3b monthly returns filled columns numbers.

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4 Replies

Tushar Gajpalla (Article Assistent) (28 Points)
Replied 24 July 2020

As per the provision of GST act, you can claim the ITC upto the due date of return filing for the month of september 2020. i.e. Upto 20th october 2020.

So, claim the ITC of 3 lakh before filiing september month 3B.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 July 2020

Yes, As per the provision of GST act, you can claim the ITC of F.Y 2019-20 upto the due date of return filing for the month of september 2020. i.e. Upto 20th october 2020 or date of filing annual return, whichever is earlier.

So, You can claim the ITC of remaining 3 lakh which you forget to take in GSTR 3b return along with other ITC of that month up to the filiing of september month 3B.