Excess ITC CLAIMED

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SAGAR BAJPAI (Querist)
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28 October 2017 Respected sir/madam, I had mistakenly show excess purchase in which ITC was 800 rs in GSTR 3B in month of August. But actually there is no purchase in month of August. And The ITC had been claimed. What are the remedies ?

B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 Hi Sagar, In August Month 3B this excess input of 800 rs will be disallowed as the same will not reflect in your GSTR 2 so you needs to pay 800 + interest at the time of filing GSTR 3 pls let me know if you have any further questions

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SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 can I pay the amount to avoid interest

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SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 can i avoid this tax by Reducing sales in GSTR 1?

B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 No You cannot pay this amount kNow You can pay this amount only at the time of filing AUGUST GSTR 3

B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 As it is initial stage of implementation govt may give option to modify August Month 3B at the time revise GSTR 3B and pay amount

B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 Pls never do showing reduce SALES IN GSTR 1 As everything is digitalised in GST if there is any sale B 2 B of you didn't showed it in GSTR 1 your purchaser in his GSTR 2 will show and the same will appear in your GSTR 1A

SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 Thank you sir for your kind information.

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B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 Pls let me know if you need further assistance

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SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 Sale is related to B2Cs

B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 Then we can do. But as a professional i will not appreciate it.

SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 ok sir thank you for you useful assistance

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B Vinay Reddy

B Vinay Reddy (Expert)
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28 October 2017 It's my pleasure Sagar If you have any further questions pls let me know

SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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28 October 2017 No sir not at all

RAJA P M

RAJA P M (Expert)
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29 October 2017 Payment date is 20th September for August month GSTR 3B return... You ll be calculate interest from 21st September to Payment date... Not GSTR 3 return filing date...

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B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Yes I agree with You Raja But Payment will be made before filing GSTR 3 only

RAJA P M

RAJA P M (Expert)
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29 October 2017 Why not pay today...? Why pay on before filing GSTR 3....?

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Raja Let me ask one thing How we will pay today for AUGUST month & in which return we will set off pls explain

RAJA P M

RAJA P M (Expert)
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29 October 2017 Reply above said question....! Oh you ll pay at the time of set off only. You can't pay before set off....???!!! What you mean set off...?! Call or Write Mr.... or don't be write name. Just write without name as anonymous....!

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B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 I'm concluding that Amount of excess claimed can be paid at the time of August months GSTR 3 filing only. we cannot pay now. For example if we pag tax by creating challan it will show balance in Electronic Cash ledger only somewhere we should adjust this tax. Mere balance in Cash Ledger doesnt mean that we have paid tax. comments are invited on this.

SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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29 October 2017 Respected sir, I observed that i cannot pay the tax for gstr3b right now.I had tried to do that but thats not possible.I think it can be paid during gstr 3 filing

RAJA P M

RAJA P M (Expert)
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29 October 2017 Oh god..... Okay Mr. B Vinay Reddy., Wait and Pay.... In case* the August month GSTR 1 2 and 3 returns date on ll be on 31st March 2018. You ll wait on the date and pay with calculating interest... Also u ll give the same solution to Your clients if you have....

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RAJA P M

RAJA P M (Expert)
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29 October 2017 Dear Mr. SAGAR BAJPAI., Payment payable date is 20th September. If you can't pay on or before then you ll be pay with interest... You can't wait for GSTR 3 for the month of August. You ll pay immediately with interest. Also you can set off on GSTR 3 filing for August... Otherwise you will Consult any other Experts and near by Consultant....

SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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29 October 2017 Ok sir i'll will do that. It means i have to simply create a challan for that amount

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SAGAR BAJPAI

SAGAR BAJPAI (Querist)
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29 October 2017 ok i got that. Thankyou sir

RAJA P M

RAJA P M (Expert)
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29 October 2017 You are welcome., GOOD LUCK....

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Hi Raja, Incase of GSTR 3 filing of August Month goes ti 31 march 2018 then government may release any guidelines regarding wave off of interest or some relaxation will be given.

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 As of now we didn't filed GSTR 3 right!!! So we Should wait till July months GSTR 3 ia filed then we will get clarity on interest calculation & relaxation proposed by Government.

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 But this is clear that PAYMENT SHOULD BE DONE at the time of FILING GSTR 3 only but not in the middle

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Simply creating challan and payment of cash against that challan doesn't mean that you have paid tax.

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Creating challan & payment done for the same is just loading cash in Electronic cash ledger ECO is like a wallet

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 HI SAGAR, Simply creating challan & payment of amount will not become tax payment until it should be SET OFF in some return. Tell me onething creating challan & payment of challan what it means? We are mentioning any Return name in Challan? Any month? Nothing So, My suggestion is don't create challan & don't do payment as of know.

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 RAJA The above reply is after confirming with Experts in Respective department. Comments are invited if you need further clarification on this Thanks & Regards B Vinay Reddy

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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29 October 2017 Sorry to interrupt Dear B Vinay Reddy Ji, Kindly use Mr., Ji, Sir, Dear, Brother, Etc. before using the name of My Dear Elder Brother Raja P M Ji. 🙏🙏🙏🙏🙏🙏

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RAJA P M

RAJA P M (Expert)
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29 October 2017 Dear Mr B Vinay Reddy., I leave it the query. Also you ll keep your way. I think also you are waiting July GSTR 3 return for some missing payments by your side... Already you said "GSTR 3B is not main return" then how you pay any amount...? And one thing "Keep the professionalism to any other Participants". That is real professional also follow give and take policy... My humbly request you to please confirm once again to your seniors.....

B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 I hope you will accept my sincere apologies for that. I really forgot to quote Mr. Sir Ji,..... I just texted normally like how we will used to communicate in our firm. Mr. Raja M P ji, Mr Sagar Ji really sorry for that. I hope you will regret the inconvenience experienced. I'm ensuring that this will not repeat again. Thanks alot Mr.Ashwini ji, for guiding me.

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B Vinay Reddy

B Vinay Reddy (Expert)
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29 October 2017 Ok Mr. Raja ji, I will confirm once again with some other experts on this topic. As it is really important for all of us. pls comment exactly on which matter we should get clarity. As per my view : 1. When payment can be made, at any point of time when taxpayer knows he wrongly claimed ITC or only at the time of filing GSTR 3 2. And for which period interest will be calculated. Mr.Raja ji, pls comment if I missed any point apart from above 2.