Question ID :
38155
Input Credit
While filing July 17 GSTR 3B An Asessee had put Purchase figure around 6 Lac in IGST Input . On finding his mistale he inflated Output Liability for aug 17 by same figure. now Input Credit is being shown in GSTR 9 figures at inflated figure of 6 Lac. How to rectify the mistake as this figure is not editable
Posted by
Mahesh Kumar
on
May 20, 2019
Filed Under
GST
In GSTR 9 , The assessee can correctly report the actual taxes payable under respective heads while updating Table 9, though, this correct reporting does not account for automatic intra-adjustment of tax under CGST, SGST, and IGST.
The shortfall of tax needs to be paid off while filing GSTR-3B of the subsequent month or by filing DRC-03 and the taxes paid in excess erroneously can be claimed as a refund. Also, there is no interest liability on taxes shortly paid in such cases.
Posted by
CA. BISHT RAKESH on
May 21, 2019
Answer ID :
76605
Mistake in GSTR 3B can be corrected through GSTR 9 i.e. any excess credit claimed in 3B needs to reversed in GSTR 9 in table 6,7 and 8 and further difference in liability arise due to such excess credit needs to be paid through form DRC 03 and the details of such challan needs to be given in GSTR 9.
Posted by
HARJEET on
May 21, 2019
Answer ID :
76606
Mistake in GSTR 3B can be corrected through GSTR 9 i.e. any excess credit claimed in 3B needs to reversed in GSTR 9 in table 6,7 and 8 and further difference in liability arise due to such excess credit needs to be paid through form DRC 03 and the details of such challan needs to be given in GSTR 9.
Posted by
HARJEET on
May 21, 2019
Answer ID :
76612
inflation of out put tax just to offset wrong IPT claim was foolish. the excess ipt could be reversed in the next GSTR3B. now prepare GSTR9 with correct figures and reconcile GSTR3B and GSTR9.
Posted by
CA. VENKITARAMAN K V on
May 21, 2019
Answer ID :
76688
prepare GSTR 9 with correct detail , you can mention the actual ITC as per book in table 6 and change the liability in table 4
Posted by
CA JEET REWRI on
May 30, 2019