sir , I taken double time credit in GSTR 3b , what I do?
6 Replies
M. J.
(Finance Professional )
(154 Points)
Replied 22 February 2018
while filling gstr3b of February. put the amount of credit which is taken twice in ITC reversal column. it will nullify the double credit effect.
Anmol Singla
(808 Points)
Replied 22 February 2018
what will happen if credit is taken of less amount then whether it can be put in all other itc
M. J.
(Finance Professional )
(154 Points)
Replied 22 February 2018
yes.. as per Government, if u miss any ITC amount or GST on outward supplies, it can be showed in GSTR3B of subsequent month. But make sure to file your GSTR1 correctly.
Anmol Singla
(808 Points)
Replied 22 February 2018
ok sir
are you sure if any excess credit is taken it is to be shown in ITC reversal (others) column
are you sure if any excess credit is taken it is to be shown in ITC reversal (others) column
M. J.
(Finance Professional )
(154 Points)
Replied 22 February 2018
but please file GSTR1 correctly. coz GSTR3B is a return to just offset our liability.. if u reverse ur ITC in next month ur liability will increase and which should have been paid in previous month but u will b paying it in next month. so ultimately ur liability vl get nullify.
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