20 April 2019
During October'2018,our consignment agents IGST sales wrongly added to our sales while filing our return.Also tax paid. Our Agent also filed his return considering this sale.So for not rectified this mistake.Also no IGST sales from our end.Now March'19 return not filed.Now how to adjust this excess tax payments.(tax Rs.196000/=)?
20 April 2019
You can amend / adjust your incorrect / excess figures in GSTR 3B & GSTR 1 till the month of Oct 2019
As per sub-section (4) of section 16 of the Central Goods and Services Tax Act, 2017 (the CGST Act), a definite timeline is prescribed for availing input tax credit on any inward supplies for the previous financial year ending March, 31 The timeline is the due date for furnishing the return for the month of September (under section 39 of the CGST Act)- ( 20 Oct 2019 ) or furnishing of annual return, whichever is earlier.
20 April 2019
Alternatively , you can claim for refund also This excess amount is shown as a balance in the Electronic Cash Ledger.
The balance in Electronic Cash Ledger can be claimed as a refund by submitting a refund application form RFD – 01. This can be done online on the GST Portal/ GSTN
CAclubindia
