Take itc two time for one purchase.

442 views 7 replies

Hello Everyone

We purchased material In Nov 2017 . And We Take ITC For this purchase 2 Times By mistake

Once In Journal & Secondly In Purchase

Now We are trying to upload debit note In march Return for one purchase as we have shown ITC excess For the month November 2017.

But The GST Site Reflecting Processed with error while uploading in Debit Note .Is It possible to Upload Debit Note. or we have to adjust it in Annual Return GSTR-9

Please Suggest Suggestion For this Query . Thanks In advance 

 

Replies (7)
you should reversed the ITC in current month Gstr 3b in reversed column
you have to reversed the ITC credit taken.. nd have liability to pay interest As per section 50 from the next return date of excess ITC taken
Excess credit taken should by reversed in subsequent month gstr 3B
Adding with @ Vatsla Mam if such credit is utilized also need to pay interest, may be without using the same.
But There is no form available to upload debit note Against Your Inward supplies.
So reverse the same with Interest @ 24 % in your GSTR 3B
I have filled GSTR 3B OF NOV 17 Month. Can I do this REVERSE entry in march 18 GSTR 3B .RETURN
Yes you can reverse it.

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