Ankit (Student) 28 October 2020
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 (GST Practitioner) 28 October 2020
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.)