RCM ITC reported in Table 4(4) instead of 4(3) in Eligible ITC Table

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Dear Experts

Please guide me on this difficult query:

In Q3 of last year GSTR3B in Eligible ITC Table 4, RCM amount which was paid but instead of reporting it in Inward supplies liable to reverse charge – 4(3),  it was wrongly reported in Inward supplies from ISD 4(4).

How to rectify it?

Due to this wrong reporting in ITC Table, this amount appears in RCM liability/ITC statement as unutilized RCM and is shown as balance available, whereas it was utilized but reported in 4(4) instead of 4(3) as explained above.

Please guide how to rectify it.

Note: in outward supply table 3.1, this RCM was properly reported in point 3.1(d).

 

Replies (9)

Verify the Mistake: 

Confirm the incorrect reorting by checking the GSTR-3B filed for Q3 of the previous year. 

Ensure that the RCM amount was indeed wrongly reported under 4(4) instead of 4(3). 

Rectification through GSTR-3B for the Current Period:

For the current quarter: If the error is noticed in the current quarter, you can adjust it in the current quarter's GSTR-3B. However, the specific RCM amount should be correctly reported under the appropriate head in Table-4.

3. Filing a Revised Return (if possible) or Adjusting in Subsequent Returns: 

Revising GSTR-3B: As per GST rules, GSTR-3B cannot be revised. Therefore, yo cannot directly correct the error by revising the return for Q3 of the previous year. 

Adjustment in Subsequent Returns: Any error or omission in GSTR-3B can be adjusted in the subsequent returns. You can adjust the ITC in the current quarter or subsequent quarters by correctly reporting it in the relevant tables. 

4. Reconciliation and Reporting: Ensure that the correct amont is reported in the correct table in the subsequent GSTR-3B returns. 

Keep records of the correction made and the rationale behind it for future reference and audit purposes. 

Thank you sir for your reply.

But it does not solve my query, please let me know how to solve this excatly.

What should I do in my next GSTR3B, excactly what, where to report.

Suppose amount is 3000 CGST & 3000 SGST.

Dear Experts,

Awaiting proper reply to slove this query.

Exactly how, where & what to report in which column in next GSTR3B, to rectify this error mentioned above in my original query. 

Please guide.

 

Hellow Forum Experts,

Please guide me on this, read original post.

Still waiting for porper solution for this.

Thanks in advance.

Dear Experts

Still waiting for proper reply, how to rectify it?

What and where to do in next GST returns to correct this situation?

Please guide.

 

Hello everyone,

Please suggest some solution to this error, mentioned in original post.

Waiting since 5 months for someone to give proper solution for this error.

Please guide.

Thanking you all in advance.

It is matter of incorrect representation made in the GSTR-3B. There is no impcting our "Net Eligible ITC". This you can resolve at the time of filing GSTR-9 or there is second approach which may not be appropriate but you can report negative amount in the GSTR-3B which will solve your issue :)

Thank you Jayesh ji for your reply.

Thank you Jayesh ji for your reply.

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