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Output tax liability and ITC adjustment in GSTR-9


Ankit (Student)     28 October 2020

Ankit
Student 
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My output tax liability as per the books is less than what I have taken in GSTR-3B and Net ITC as per books and GSTR-2A is less than what I have taken in GSTR-3B.

Can I adjust my actual output gst liability with excess ITC that I have to reverse in GSTR-9 or I have to reverse the excess ITC by filing DRC-03 and claim refund for extra output gst liability shown in GSTR-3B??

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     28 October 2020

Pankaj Rawat
GST Practitioner 
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Dear Ankit
can you mention the Fy for all such adjustment you are talking about.

Ankit

Ankit (Student)     28 October 2020

Ankit
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F.Y. 2018-19

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     28 October 2020

Pankaj Rawat
GST Practitioner 
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Dear Ankit

So in case the excess output liability reported in gstr 3b is in excess to output tax in books , now it cannot reversed & Excess ITC availed in gstr 3b in comparison to books need to be deposit in cash ledger & setoff the same by furnishing DRC-03.

(above adjustment need to done in GSTR-B & the time for same has been lapsed.)

 

Ankit

Ankit (Student)     29 October 2020

Ankit
Student 
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So can we claim refund of excess output tax liability at the time of filing GSTR-9?


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