Treatment of Excess Output Tax & Excess ITC in GSTR-9

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Members, A taxpayer has shown excess output supply as well as excess ITC claim in 2017-18 due to clerical error. No rectification done during 2018-19 Now what should be treatment in GSTR-9 ? Excess Output Supply in Jan 2018 - 20.00 Lac Output Tax Liability declared : 2.40 Lacs Excess ITC claimed in Jan 2018 - 3.60 Lac He had deposited the differential tax of 1.20 Lac in Sept 2018 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... but was not able to declare the amendments in 3B due to 3B not accepting negative figures. Pls. guide. Thanks Regards - Reply By Ganeshan Kalyani - The Reply = Both can be rectified in the annual return. - Reply By TAPAN RAI - The Reply = Sir, Could you please elaborate. In which Tables to make the rectification? How to set-off the additional tax liability of 1.20 Lacs? Thanks .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Regards - Reply By Nandan Khambete - The Reply = Fill correct figures in table 4 for Liability as per books. ITC as GSTR 3B will auto populate in Table 6. Reverse 3.6lacs in Table 7 and specify nature of reversal. - Reply By SAJAN KUMAR - The Reply = Dear , You Can rectify in annual return and if your are covered under GST-9C then different will be show in Audit report (9C) You .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... put the actual figure in Annual return .and the different amount will be pay or refund. BY Sajan kumar - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = I endorse the views of Shri Nandan - Reply By TAPAN RAI - The Reply = Thanks to all the learned members for your guidance. - Treatment of Excess Output Tax & Excess ITC in GSTR-9 - Query Started By: - TAPAN RAI Dated:- 27-6-2019 Goods a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd Services Tax - GST - Got 6 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

→ Full Text of the Document

X X   X X   Extracts   X X   X X