Gst excess payment can adjust against subsequent month

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This query is : Resolved

Narendra Raval (Querist)

16 April 2018 Hi,
We have made payment during time of GST3B in the month of feb,2018 and then after client reject the invoice which was made in feb month and in later, we have not mentioned in GST -1 form for the month of feb,2018. So our excess payment, not being reflect in credit ledger account then how we will adjust previous excess payment during the time of making payment in the month of March ,2018.

Any suggestion what exactly we show in GST3B - in march month.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

16 April 2018 Reverse the excess tax by claiming ITC of that amount.

Narendra Raval

Narendra Raval (Querist)

16 April 2018 But it is not actual ITC , if we take as ITC then any chances of notice because late GST 2 form will come then that time mismatch arise or what would be the situation if we keep excess GST and take refund.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)

26 April 2018 3B is provisional return not final return. So no problem arise if GSTR-3B & GSTR-2 details differ.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

30 October 2026 Do not show excess output tax as ITC, since that is ITC without an invoice; instead reduce the excess from the output liability of a later GSTR-3B (Circular 26/26/2017-GST), no later than 30 November after the FY end, or claim a refund of the excess tax in RFD-01 within two years under Sec 54.

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