ITC NOT AVAILED FY2018-2019 AND FY2019-2020 PH calling by ACTO GST officer reversing the same

This query is : Resolved

srinivasa reddy banda (Querist)
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09 December 2023 Dear Friends,
FY2018-2019 excess ITC availled Our client Mistakenly, Resulted excess ITC taken FY2018-2019 comparision of GSTR2A and GSTR3B in GSTN SITE,same that much amount of GST not availed in subequent Financial year of 2019-2020, that is shortage of ITC taken in FY2019-2020, now GST officer is raising the Query FIll up the form "PH " personal Hearing and Pay the excess amount ITC taken in FY2018-2019 in DRC-3, by raising that you could have reversed the excess taken ITC in GST3B in the month of Sept-2019 Return filing, my objection is there is no different between that ITC excess taken FY2018-2019 and Next year That much ITC not availed , i:e,shortage taken, what is the different and there is no loss to the revenue, but he is not convencing, whether i have done any mistake/wrong for FY2019-2020 for short taken ITC In 3B, Instead of reversing the same amount 3B Return, please guide to me friends

RAJA P M

RAJA P M (Expert)
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09 December 2023 If claim excess ITC in PY then Payment of Tax (excess ITC) and interest to be pay for the mistake. ITC reversal is not a solution in next FY.

CA. Bhavik P. Chudasama

CA. Bhavik P. Chudasama (Expert)
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11 December 2023 I agree with Expert's Opinion and would also like to add that you have not claimed the ITC in next year is not the Solution to it, you should have availed the amount in GSTR 3B for FY 2019-20 and show have reversed before Sept 2020. Also since you have not claimed the ITC in 2019-20 it will be considered as ITC Lapse

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