Wrong itc clamined in gstr 3b

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Sir,

I have claimed wrong ITC of Rs. 3500 in August 2019 GSTR 3B and not file GSTR 3B of Sep 2019 yet how can I rectify the mistake ?

Replies (4)

Hi,

 

You can file DRC-03 but there are chances that interest liability may arise. Interest liability depends from case to case. 

Hi

Thnks mam but how can I file DRC 3, where is this option available . Can I file Sept GSTR 3B by reversing the ITC excess claimed.

It totally depends from case to case. Without knowing various factors I can't advise you properly.

You can reverse the credit in GSTR 3B  in the month of Setember 2019 if not filed or in subsequent months  subject to interest @ 24% per annum . Be sure whether the reversal is under rule 42 & 43 or blocked credit or other ITC  and reverse it in the respective columns available in GSTR 3B

 

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