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Reg ITC

ITC / Input 204 views 5 replies
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Student
27 Points Posted on 21 March 2018
Hi all , By mistake I claim input tax of some purchase invoices two times in aug and sep 2017 now i realize that one , but till to date its always remain in credit ledger. How to rectify this problem.
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On 21 March 2018 at 12:36 Report
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FINANCIAL ACCOUNTANT
458 Points Posted on 21 March 2018

Reverse that wrong itc amount in next month's gstr3b.

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On 21 March 2018 at 12:41
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Student
27 Points Posted on 21 March 2018
How that is what I am asking
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On 21 March 2018 at 12:42
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GST Practitioner
55067 Points Posted on 21 March 2018
yes u have reverse in ur next 3b

suppose u hv taken excess credit of rs.100, & while filing ur 3b for month feb, ur feb credit is 500, then show only 400(500-100) in feb month.
ur books will be match with e.credit ledger portal
301 Reply
On 21 March 2018 at 13:32
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Student CA Final
609 Points Posted on 21 March 2018

Yes. Reversing in subsequent month's GSTR3B is the only possible remidy for now since GSTR2 is not available. 

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On 21 March 2018 at 13:37
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Accounts
429 Points Posted on 21 March 2018

reverse the same in next GSTR 3B , put the reverse amount in others option of coloum ( B)

 

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On 21 March 2018 at 14:32


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