Excess itc claimed in gstr 3b

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2017 as per my GSTR-3B July-17 ITC is Rs.215000/- , In this rs,5000/- which i wrongly added as ITC. How can i reverse this amount from ITC.?? I think i can reverse this amount in GSTR-2. Kindly advice the procedure...

Udaya Chandran

Udaya Chandran (Expert)
Follow

12 October 2017 Yes, you can reverse in GSTR 2A.

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2017 but where to show this amount in GSTR 2???? can you please advice in detail

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M

RAJA P M (Expert)
Follow

12 October 2017 You can't reverse the ITC or other mistakes in GSTR 3B...! You ll be file your actual transactions in GSTR 1 2 and 3 returns. No more restriction for GSTR 3B mistakes... So, Go to file correctly in GSTR 1 2 and 3 returns....

Querist : Anonymous

Querist : Anonymous (Querist)

13 October 2017 sir, one more doubt,
My company organized a program, for which a unregistered person has supplied chairs and tables for rent. He is not registered under GST. So we are liable to pay RCM. What will be the SAC/HSN and tax rate?????? This expense is booked on Sep-17.
As per the notification RCM payment is blocked for Oct-17 to March-18. So my doubt is , should i pay RCM for the month of Sep-17???? If yes, can you please guide me for the above mentioned query..