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excess ITC taken in GSTR3B in July. How to reverse.

Arun Garg (Slf) (41 Points)

19 December 2017

We have entered value of purchases instead of Tax (ITC) in col. IGST credit in GSTR3B return of July 2017.
How we can re-adjust/reverse the excess credit.
There is no option to re-open the return after the filed option exercised.

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2 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 19 December 2017

No way for revised or Changed the details in GSTR 3B. Also Taken excess ITC then we ll pay interest as per following file.

Also my advisable for You ll reverse the excess INPUT Claimed in

GSTR 3B

"4.Eligible ITC - (B) ITC reversed

(2). Others.

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PARTHA PROTIM MULLICK (ACCOUNTANT) (22 Points)
Replied 18 August 2018

Sir, I have same problem. But the extra itc is not utilized. The extra itc is shown in my credit ledger. if I revers the itc, is interest payable for reverse.