Gstr 3b set-off problem

This query is : Resolved

Abhi (Querist)
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17 May 2018 Dear Sir,
We have taken wrong Input Tax Credit of Rs. 92, 44,555.00 on IGST in the month of July’17 and same was set-off till Sept’17 on IGST, CGST & SGST. From Oct’17 we have taken actual credit and paid tax accordingly.
IGST CGST SGST
9,182.00 6,045,603.00 831,510.00

Our actual Input Tax Credit is:

IGST
9,244,555.00 CGST 6,045,602.00 SGST 831,509.00
But we have taken

Secondly, due to set-off mistake we have excess credit balance of as on 31st March 2017.
IGST CGST SGST
27,05,975.74 58,83,162.10 6,69,069.18

Further, we want to reverse the excess credit taken in the month of March’18 so that we can go fresh from Apr’18 without any mistake but when we try to reverse this above mentioned figure on ITC it shows

Kindly help me to resolve the same so that we can avoid unnecessary late fees & interest.

RAJA P M

RAJA P M (Expert)
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17 May 2018 (when we try to reverse this above mentioned figure on ITC it shows ) It's shows what? Also what is Your actual ITC in the month of July?

Abhi

Abhi (Querist)
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18 May 2018 Actual IGST for the month of July is IGST = 9182.00, CGST =6,045,603.00 & SGST = 831,510.00 but we have taken ITC of Rs 92,44,555.00 on IGST & done set-off of wrongly taken credit till sept'17. due to this actual ITC remains unchanged and same is reflecting in credit ledger which we want to reverse & the amount we want to reverse is IGST CGST SGST
27,05,975.74 58,83,162.10 6,69,069.18 but as we know portal contains = formula on CGST & SGST head thats why we are unable to reverse so pls guide

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RAJA P M

RAJA P M (Expert)
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18 May 2018 Are You have payable IGST liability in month?