Dear experts,
I have availed credit in aggregate in GSTR 3B in excess (₹1300) of the amount shown in GSTR 2A for the FY 2019-20. the annual return has not been filed yet.
What can be done in this situation?
What re the possible solutions?
4 Replies
prasad Nilugal
(3914 Points)
Replied 30 March 2021
You have to reverse input tax credit wrongly excess taken in the year 19-20 with interest through DRC-03 at time of filing Annual return 19-20 .
Arpit
(Student)
(141 Points)
Replied 30 March 2021
@ prasadnilugal, @ sourav sir, can you please specify the period to be considered for the interest calculation?
PRASANT BISOYI
(261 Points)
Replied 31 March 2021
The period for interest calculation will be from the due date of return (Form GSTR-3B) on which month u availed the excess ITC till the date of filing of Form GSTR-9.
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