04 November 2020
Sir, I had paid gst in excess since my vendors failed to file the gstr 1 within due date..... Now that they have filed it and I am able to claim the itc..... Can I claim the excess gst as refund? Or will the amount be adjusted in subsequent months?
04 November 2020
Sir, Thank you for the reply.... I had remitted 10k in excess....can you clarify how to adjust it subsequent months as I had adjusted the credit ledger with cash ledger for this month.
04 November 2020
You did not pay excess GST.You probably paid more from cash ledger.Now when suppliers filed GSTR1 your ITC will increse which you can utilise to pay future gst liability.
CAclubindia
