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Wrong 3b return


Tejpal Jain   04 June 2018

Tejpal Jain

 6 likes  146 points

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mistakly wrongly shown input igst amount in 3b return in the month of August. I came know this mistake today can I reserve it in the 3b return filing period in the month of may.

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Ravi SADhiyan (CA Final)     04 June 2018

Ravi SADhiyan
CA Final 
 244 likes  4129 points

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Originally posted by : Tejpal Jain
mistakly wrongly shown input igst amount in 3b return in the month of August. I came know this mistake today can I reserve it in the 3b return filing period in the month of may.

 

First Pay Interest @ 24 % p.a on the wrongly ITC Amt claimed in GSTR-3B

According to me, You reduced such Amt. i.e. wrongly ITC has taken from May ITC.

And Make Working for Future Reference.

 

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RAJA P M ("Do the Right Thing...!!!")     04 June 2018

RAJA P M
"Do the Right Thing...!!!" 
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If You are availed / set off the wrongly entetered IGST ITC then You can pay interest @ 24#.

If You are not set off / adjust then You don't want pay any interest for the wrongly entetered Tax. Just go with reverse...

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Nikhil Bhanushali (CA Final)     04 June 2018

Nikhil Bhanushali
CA Final 
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.

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RAJA P M ("Do the Right Thing...!!!")     04 June 2018

RAJA P M
"Do the Right Thing...!!!" 
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@ Nikhil.,

Debit note...?!!

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Vinod Babu   04 June 2018

Vinod Babu

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Yes reverse ITC in your next returns.

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Shruti agarwal (Student CA Final )     04 June 2018

Shruti agarwal
Student CA Final  
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As per my understanding you have availed excess IGST credit. my question is was that credit supposed to be reported as CGST SGST credit? anyway interest would be attracted @ 24 percent in the above mentioned case as you have wrongly availed IGST credit and reduce the credit with the same amount while filing GSTR3B for the month of May.

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Vinod Babu   05 June 2018

Vinod Babu

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Yes interest would be attracted for wrongly availed igst.

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