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Input tax credit query, Goods and Services Tax - GST

Issue Id: - 116244
Dated: 28-4-2020
By:- Omkar Kadam

Input tax credit query


  • Contents

Hi All,

At the time of filing GSTR-3B we have mistakenly claimed input as input received form ISD instead of RCM input

How to resolve above issue?

Posts / Replies

Showing Replies 1 to 5 of 5 Records

Page: 1


1 Dated: 28-4-2020
By:- Rajagopalan Ranganathan

Sir,

This mistake can be corrected in the return filed for the subsequent tax period. Actually you can correct it up to the return filed for the month of September following the end of the financial year in which such error occurred.


2 Dated: 28-4-2020
By:- KASTURI SETHI

Yes. You can reverse ITC wrongly taken in Table No.4 Serial No. B (2) under the head 'Others' of GSTR-3B in the next month or thereafter before the return for September next year as advised by Sh.Ranganathan, Sir.


3 Dated: 29-4-2020
By:- Ganeshan Kalyani

There is no provision for revising the return. The only way out is to rectify them in subsequent month's return. As stated by Sri Kasturi Sir the amount to be reversed can be shown in table 4(B)(2) of GSTR-3B and the same amount (as you wanted to show as RCM) can be shown in table 4(A)(3). Or if it happens to have fresh ISD credit in next month you can shown less of the amount already shown as ISD.


4 Dated: 2-5-2020
By:- YAGAY andSUN

In subsequent month's return can be rectified to correct such inadvertent mistakes.


5 Dated: 2-5-2020
By:- CSSANJAY MALHOTRA

If the time period for availing/ rectification ITC has been expired for e.g FY 17-18 or 18-19 transaction than state the figure under correct heading in Table 6 of GSTR-9 (if applicable).


Page: 1

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