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??
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Output tax liability and ITC adjustment in GSTR-9
Replies (4)
Dear Ankit
can you mention the Fy for all such adjustment you are talking about.
can you mention the Fy for all such adjustment you are talking about.
F.Y. 2018-19
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.)
So can we claim refund of excess output tax liability at the time of filing GSTR-9?
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