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TMI BlogTreatment of Excess Output Tax & Excess ITC in GSTR-9X X X X Extracts X X X X X X X X Extracts X X X X ..... Treatment of Excess Output Tax & Excess ITC in GSTR-9 X X X X Extracts X X X X X X X X Extracts X X X X ..... s Output Supply in Jan 2018 - 20.00 Lac Output Tax Liability declared : 2.40 Lacs Excess ITC claimed in Jan 2018 - 3.60 Lac He had deposited the differential tax of 1.20 Lac in Sept 2018 but was not able to declare the amendments in 3B due to 3B not accepting negative figures. Pls. guide. Thanks & Regards Reply By Ganeshan Kalyani: The Reply: Both can be rectified in the annual return. Repl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y By TAPAN RAI: The Reply: Sir, Could you please elaborate. In which Tables to make the rectification? How to set-off the additional tax liability of 1.20 Lacs? Thanks & Regards Reply By Nandan Khambete: The Reply: Fill correct figures in table 4 for Liability as per books. ITC as GSTR 3B will auto populate in Table 6. Reverse 3.6lacs in Table 7 and specify nature of reversal. Reply By SA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JAN KUMAR: The Reply: Dear , You Can rectify in annual return and if your are covered under GST-9C then different will be show in Audit report (9C) You put the actual figure in Annual return .and the different amount will be pay or refund. BY Sajan kumar Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Nandan Reply By TAPAN RAI: The Reply: Thanks to all the learne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d members for your guidance. X X X X Extracts X X X X X X X X Extracts X X X X
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