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regarding input tax credit
while gst comes into action i adopt composition tax scheme but after 5months i feel i was not comfortable in composition so i withdrawal myself from composition to regular tax scheme. but when I came to file mt gst return i found my dashboard is showing regular (monthly gst3b and gstr1) return system. so i file my all return as regular taxpayer. but after 2month my dashboard again updated with new return system. it was showing to file me gstr 4 for the month in which i was in composition scheme and gst3b/gstr1 for the month onwards. I do so. but now I show my election ledger balance is carrying the rest amount i will wrongly filed in first gst3b/gstr1 from the month in which I was in composition. what should I do. plz help me. I am a big trouble
Replies (2)
File your annual return as per books , ie file GSTR 9A (5 months July-Nov) & GSTR 9 (4 months Dec-march)
do write your books of account As per compsotion scheme & Regular scheme prepare reco state Book data with GSTR 1 , 3b & Gstr 4 . check out for the differential Tax , either by claiming Input or Output & deposit same with Interest in your annual Return by DRC 03 form
do write your books of account As per compsotion scheme & Regular scheme prepare reco state Book data with GSTR 1 , 3b & Gstr 4 . check out for the differential Tax , either by claiming Input or Output & deposit same with Interest in your annual Return by DRC 03 form
***Reconcile the Books data with Your GSTR 4, GSTR 1, & GST3b
Books with Gstr 1 , Take out excess sale book in GSTR1
Books with 3B ,: Take out the Exceas output & Input Reported
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