basavaraju (Manager Accounts & Compliance ) (24 Points)
15 November 2021We have reported an excess GST in GSTR 3B. In GSTR 1 the GST is 63370(SGST) and 63370(SGST), due to type error in GSTR 3B the Figures reported as 633730 ( SGST) and 633730(CGST) whereas 570360 (SGST) and 570360 (CGST) Reported as excess and the same is offset against ITC.
Now the accumulated ITC is reduced due to offset.
How do I deal with the Excess reported GST?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 15 November 2021
If you believe your turnover will be such that it can be adjusted in next return then you adjust it. Otherwise you can claim refund which will be in the form of ITC being credited back to your electronic credit ledger
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 15 November 2021
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 15 November 2021
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