10 June 2024
In Our GST Party GSTR-1 T/O is 2,05,39,000 and GSTR-3B T/O is 2,60,45,850 in F.Y. 2023-2024. so, more than tax has been paid in GST Return.
What can we do for the Excess paid Tax ? Set up this in sep-2024 or Process to apply for Re-Credit?
11 June 2024
You can make reconciliation of the GST Excess Paid and make the adjustment in subsequent GSTR 3B i.e. Reduce the Taxable Turnover and Tax proportionate to the Excess Tax Paid.
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