one of the client has filed gstr 3b for october 2017 subsequently seller has revised the existing bill due to rate difference. now there is excess credit claim of 10000 in october month.
whether it is reversed in may 2018 gstr 3b return or wait for annual return and ractified the same on annual return.
if i reversed the credit in May month gstr 3b then what effect to be given in annual return
Menu
its mismatch
Replies (5)
You can reversed excess ITC in your next GSTR 3B return
Prepare reconciliation statement
Prepare reconciliation statement
I do accept MrJatin views.
Yes, In May 2018 3B you reverse the ITC.
Yes, In May 2018 3B you reverse the ITC.
As Gstr 2 has not been started till date so cant be able adjust same in your annual return , moreover your credit ledger on portal reflect according to 3b filed & In GST there is no provision to revise Returns hence advisable to adjust same in your next 3b return
Do prepare the Reconciliation statement
thanks for your valuable reply
also paid interest due to excess claim ITC
Recent Threads
- Sale value - sale deed or AIS
- Deductions under Schedule EI
- Income under section 194R
- Schedule FA A3 csv Example
- RCM ITC reported in Table 4(4) instead of 4(3) in
- TDS on sale of property where consideration is Rs.
- Treatment of intraday profit and fno loss in,ITR
- Regarding Conveyance allowance
- HRA from one employer but not from the other
- Grandparents gifts Rs.5 lakhs to a grandchild - Wh
Related Threads
CAclubindia
