itc claimed more than 2b , excess amount paid in 3b . What should I do.
Is there any judgement regarding this?
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Quick Summary
This discussion addresses a common GST issue where the Input Tax Credit (ITC) claimed in GSTR-3B is higher than what's reflected in GSTR-2B. The excess amount claimed in GSTR-3B, specifically over £2 billion in this case, needs to be reconciled. It's suggested that this excess can be adjusted against invoices already claimed in previous months. Further clarification is sought on any relevant legal judgments or procedures for handling such mismatches.