ITC got claimed again

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187 Points Joined February 2019
If ITC was taken for the September 24 bill, and it got autopopulated in October too, due to not matching, ITC got claimed again, how to fix it? I am very worried, 3B of October 24 has been filed.
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On 16 November 2024 at 11:42 Report
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Master in Accounts & high court Advocate
9123 Points Joined December 2011

 Here's a step-by-step plan to help you resolve the issue:

 1. Identify the excess ITC claimed: Calculate the excess ITC claimed in October 2024 due to the autopopulation error.

 2. File an amendment: File an amended return for October 2024 (Form 3B) to correct the ITC claim. You can do this by: - Logging into the GST portal - Selecting the "Amendment" option - Correcting the ITC claim - Submitting the amended return

 3. Pay additional tax (if applicable): If the excess ITC claimed has resulted in a lower tax liability, you may need to pay additional tax. Calculate the additional tax due and pay it through Form DRC-03.

4. File a declaration: File a declaration in Form GST DRC-03A, stating that the excess ITC claimed was due to an autopopulation error and that you're voluntarily paying the additional tax (if applicable).

 5. Keep documentation: Maintain detailed documentation of the error, corrective actions taken, and any communication with the tax authorities.

6. Remember to act promptly to avoid any potential interest or penalties. The GST authorities may take a lenient view if you proactively correct the error and pay any additional tax due.

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On 16 November 2024 at 13:31
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187 Points Joined February 2019
Very very thanks sir
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On 16 November 2024 at 19:43
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27940 Points Joined May 2017

Nit an issue post details

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On 18 November 2024 at 08:51
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M Com FCS LLB M-AIMA
14032 Points Joined June 2009

You can reverse the excess claimed in next 3B.

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On 18 November 2024 at 16:26


CCI Pro

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