mistakely, i entered worng data in GSTR-3B of aug-2017. i claimed more itc than my record. how can i correct my mistake.
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Rectification of GSTR-3B
Replies (7)
Reduce it in your current month GSTR 3b .
Supposed excess ITC claim is 100/-
& your current month ITC is 150, then show only 50/- ITC in your current month 3b
Supposed excess ITC claim is 100/-
& your current month ITC is 150, then show only 50/- ITC in your current month 3b
along with interest ?
In your next GST-3B returns, select table 4 - Eligible ITC.
In that there is column B, where there is option of ITC reversal - others.
Kindly put the amount to be reversed in respective columns of IGST, CGST & SGST.
Also you will have to reverse the ITC along with the Interest
In that there is column B, where there is option of ITC reversal - others.
Kindly put the amount to be reversed in respective columns of IGST, CGST & SGST.
Also you will have to reverse the ITC along with the Interest
I think 24%pa rate of interest is applicable in this case.
Yes, rate of interest shall be 24%
There are two ways.. Either reduce your current month's ITC or show in reversal column with 18% or 24% interest as the case may be.
Yes it's interest is to be deposit @ 24% (As per section 50(3) CGST Act)
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