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excess credit taken in gstr 9

Anju. C.M (41 Points)

06 August 2019

whether the company to pay tax on excess credit taken in 17-18 while filing gstr 9 or gstr 9c??

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14811 Points)
Replied 06 August 2019

You have to reverse the credit excess taken and pay tax in cash with interest in DRC03

please confirm with others also .

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Anju. C.M (41 Points)
Replied 06 August 2019

if tran credit included ineligible credit... and such reversal also made in drc03?

Shivam RC (Student) (23683 Points)
Replied 29 August 2019

GOOD NEWS :

The DUE DATE for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.