GST CREDIT related
nirmal paliwal (ipcc) (83 Points)
24 July 2021
In the books gst credit extra shown in ledger compared can extra gst written off in books of account
4 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 24 July 2021
If no excess ITC has actually been availed as per return and the excess is only as per books, then you need to reverse the excess ITC in the books.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 25 July 2021
You have to reverse such ITC either in next month GSTR-3B or you can also reverse through DRC-03.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 25 July 2021
Reverse such extra ITC in next return
Imthias ahamed Kormath
(910 Points)
Replied 26 July 2021
If it paid by u , in any bills,may b block,and may claim as refund.
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