9911796707
TMI BlogGST eligible ITC personal ItemX X X X Extracts X X X X X X X X Extracts X X X X ..... Freelancer registered with GST having very few transactions. One invoice raised for service delivered to client every month and sometimes few purchases invoice for goods /inputs to be used in freelance business. By mistake in month of June 2022; ordered an item from amazon using GST number above but item was meant for personal use. The ITC on this appeared in GSTR-2B and consequently in G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... STR-3B for June 2022. To make sure I do not claim this ITC as its for personal item - I deleted the amount in eligible ITC in Table 4A (5) All other ITC column and filed my GSTR-3B . So far so good. Last month i returned the item to amazon and therefore now its appearing as ITC reversal in GSTR-2B and GSTR-3B for July 2022. If i try to delete figure in ITC reversal in GSTR-3B s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ystem errors saying it s not allowed as its reversal and I cannot reduce figure. Also, if I add unclaimed ITC in figure of eligible ITC now it errors saying we cannot increase ITC as bcz it flows from GSTR-2B . But if i don t nullify this; i end up paying GST on returned item on which i never took ITC in first place. Any way out? - Reply By Ganeshan Kalyani - The Reply = Sir, the fiel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d in table 4(A)(5) in 3B is editable. The amount which you want to add here need to be also shown in table 4(D)(1) - Reply By sunando ghosh - The Reply = Reply to Ganesh Kalyani - yes the filed appears editable but u will get errors if u try to input value see screenshots https://i.postimg.cc/XJjzVNy3/1.jpg https://i.postimg.cc/MT3dq7Sb/2.jpg - Reply By Kunal Agrawal - The Reply = System wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll show error. Just ignore it. If any notice is issued for non-reversal, you have to simply show that earlier ITC was not taken so not reversed now. - Reply By Ganeshan Kalyani - The Reply = Yes, Sir. It is an alert given to the taxpayer that there is significant variance in the amount punched v/s the amount auto-populated.. You can very well fill up amount as per your working and file return. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Shilpi Jain - The Reply = Agree with the experts. proceed to file after editing and in case any query comes from the department it can be explained - GST eligible ITC personal Item - Query Started By: - sunando ghosh Dated:- 15-8-2022 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
