Itc mismatched

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401 Points Posted on 07 October 2020
I have two gst noI have mistakely claimed itc of one gst no to another gst no in the month of june 20 Wat to do next
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On 07 October 2020 at 17:03 Report
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Quick Summary
This discussion addresses the common issue of claiming Input Tax Credit (ITC) on the incorrect GST number. The recommended solution involves reversing the wrongly claimed ITC in your current month's GSTR 3B and then re-claiming it on the correct GST number. You can adjust this ITC in the same month, provided your current ITC balance is sufficient to cover the reversal.

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Tax and Business Consultant
11616 Points Posted on 07 October 2020
In Current months GSTR 3B
Reverse that ITC in return of wrong GSTIN
and take that ITC in return of right GSTIN
1 Reply
On 07 October 2020 at 17:37
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401 Points Posted on 08 October 2020
In reverse itc column of gstr 3b
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On 08 October 2020 at 07:59
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57 Points Posted on 08 October 2020
We can aggest the ITC in next month and we can reverse it
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On 08 October 2020 at 09:15
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401 Points Posted on 08 October 2020
Can we adjust that itc in current month itc
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On 08 October 2020 at 09:43
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57 Points Posted on 08 October 2020
Yes we can aggest the ITC in current month
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On 08 October 2020 at 10:10
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401 Points Posted on 08 October 2020
If i had claimed 50000 and in this month my itc is 100000 then i can claim only 50000
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On 08 October 2020 at 15:22

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