wrongly excess input taken in GSTR3B, can we rectify it subsequent month by reversal?
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Wrong input taken in GSTR3B?
Replies (9)
yes you can rectify in subsequent month by putting excess ITC in ITC reversal
yes you can rectify accordingly
Yes...
You can rectify and Reversal the excess ITC...
You can rectify and Reversal the excess ITC...
when GSTR2 AND GSTR3IS OPEN FOR FILLING
do not worry you can reversal excess itc next gst 3b but you should pay interest
| Originally posted by : UMESH | ||
 |
when GSTR2 AND GSTR3IS OPEN FOR FILLING |  |
Wait on further notifications from CBEC... As per my own view GSTR 2 and 3 will be not available FY 17-18. But, Wait.
You can check RECOMMENDATIONS GST COUNCIL 26TH MEETING 10.03.2018 where they have mentioned that GSTR1 and GSTR3B have been extended upto June 2018. But, they have not mentioned about GSTR2 and GSTR3. Hope, GSTR2 and GSTR3 will not be implemented from April 2018.
It is not sure whether they will be implemented or not.
Regards
In my case i have wrongly taken input credit of IGST...I am know my tax liability...so to avoid interest if i make the payment today and in future will rectify my mistake then interest liability will be applied at that time??
More clearly it is like i was filling return for Feb-18 and i have wrongly taken credit of Rs3330 and i know my actual tax liability is Rs.475 so shall i pay Rs475 today to avoid interest in future ??
I have taken wrong itc input of 1786.05 cgst and igst 1786.05 actual was cgst 1692 igst 1692 what to do now.. to correct it
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