Hi sir,
good morning
I have a doubt regarding ITC reversal.
we are doing real estate business and charging GST @ 5% We are ineligible to claim ITC ..so I decided to reverse the ITC lying in 2B which I am not going to avail. but while reversing it in Oct return I made a typographical error for 3,00,000 I entered as 30,000.This 3,00,000 ITC pertains to PY 2023-24 And CY 2024-25 ( APR - AUG)
As per section 16(4) of the CGST Act, 2017 the time limit to avail pending ITC on invoices pertaining to FY 2023-24 is:
-30th November 2024 for invoice pertaining to FY 2023-24; or
-31st December 2024 i.e. date of filing annual return for FY 2023-24 whichever is earlier.
but I made error in Oct return the last date to avail or reverse ITC for the FY 2023-24 has closed ,can it be rectified..if so how could I rectify
please do the needful...thanks in advance
Menu
ITC reversal in GST 3B
Replies (1)
If you have just submitted it (without final filing) it can be rectified, i.e. reset with data..
Refer: https://www.gstrobo.com/blog/rectification-of-gstr-3b-after-filing-the-gst-return/
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
