Treament of ITC in GSTR 3B

ITC / Input 259 views 5 replies

Hello helpies,

My Party had ITC of Rs.8000 each of cgst and sgst in November Month. Their Accountant wrongly claimed ITC in the column "ITC liable for Reverse Charge" instead of "other ITC". 

When i checked their GSTR 3B, It shows red sign saying Variance of more than 5%. And in actual in GSTR-2A the ITC is very much there.

Now, how can we re-adjust these entries.

Replies (5)
It might be you can get refund of such ITC by amending
Originally posted by : Abhinav Jain
Hello helpies,My Party had ITC of Rs.8000 each of cgst and sgst in November Month. Their Accountant wrongly claimed ITC in the column "ITC liable for Reverse Charge" instead of "other ITC". When i checked their GSTR 3B, It shows red sign saying Variance of more than 5%. And in actual in GSTR-2A the ITC is very much there.Now, how can we re-adjust these entries.

You can Submit with Red Sign with the effect of wrong claimed ITC in Nov 

and make Reconciliation for future reference.

Thanks With Regards

Ravi SADhiyan

 

Do u mean reconciliation in GSTR-9 ??

GSTR 9C is the reconciliation statement prescribed for registered tax payer to whom the GST Audit is applicable. It is not required to be filed by such registered person whose aggregate turnover during a financial year is less than two crore rupees including all mentioned in the table for GSTR 9.

Originally posted by : Abhinav Jain
Do u mean reconciliation in GSTR-9 ??

 

Not GSTR-9  Its simple Reco in Excel file for furture reference 

 


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