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Itc claim excess issued

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Kollipara Sundaraiah

B.com

3025 Points Posted on 12 November 2022

A Gst registered dealer notice received notice for intimation discrepancies in the returns of scrutiny
year:17-18
as per gstr3b rs:3334235/-
as per gstr2a rs:3300813/-
difference rs:33421/-
year:18-19

as per gstr3b rs:4183118/-
as per gstr2a rs:4216351/-
difference rs:33233(-)
year 19-20
as per gstr3b rs:3821943/-
as per gstr2a rs:3642670/-
difference rs:179273/-
question:
dealer tax pay compulsory.

Replies (2)

Quick Summary

A GST registered dealer has received a notice regarding discrepancies in their Input Tax Credit (ITC) claims for the financial years 2017-18, 2018-19, and 2019-20. The notice highlights differences between the ITC claimed in GSTR-3B and that available in GSTR-2A. The dealer is seeking advice on whether they must pay the excess ITC and how to respond to the notice, potentially by filing a reply in ASMT 11 with supporting documents or by paying/reversing the excess amount.

Jamil Ahmed

62 Points Posted on 13 November 2022

I think ASMT 10 has been issued to the dealer. You can give reply to the notice in ASMT 11 within stipulated time with all documents if you are sure that you have availed correct ITC. Or you may pay or reverse the excess ITC with interest, if applicable and reply accordingly.