9911796707
TMI BlogWrong filing of GSTR 3BX X X X Extracts X X X X X X X X Extracts X X X X ..... RTP filed GSTR 3B with wrong inputs both in outward liability and ITC however correctly filed GSTR-1 for that month. Subsequently filed GSTR 9 and 9C with correct figures. Now DRC 01 has been issued for reversing excess ITC claimed in GSTR 3B though it was correctly reconciled in Annual return. Whether RTP is liable for reversal of ITC even if it was not availed or utilised. - Reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By Ganeshan Kalyani - The Reply = Sir, you mentioned that incorrect ITC was shown in GSTR 3B . ITC shown in 3B gets populated /credited to Electronic Credit Ledger. This credit gets offset against the liability shown in GSTR 3B . Since you have not correct the incorrect ITC in ECL via 3B the incorrect ITC got utilised. 9 / 9C does not change ECL. Hence department is correct in issuing said fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm. - Reply By Shilpi Jain - The Reply = Agree. ITC is the credit which is taken in GSTR-3B. Just check whether the ITC which was rectified in annual return, was taken in the GSTR-3B of the subsequent year by September. Your consultant might have done that. So in case it is taken in the GSTR-3B in the subsequent years then there may have been only a disclosure error in Annual returns. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Nikita Rai - The Reply = Many a time the person misses some sale or purchase to take into consideration. There is no concept of revision of return in GST. GSTR-1 and GSTR-3B cannot be revised once filed. Any error made in GSTR-3B is to be rectified in the GSTR-3B of the month in which such error comes to your knowledge. - Wrong filing of GSTR 3B - Query Started By: - SUB ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RATA RAY Dated:- 28-9-2022 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - 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
|
