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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

Answer ID : 76596

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