We given a invoice in Aug 2017.While filling GSTR 3B we paid excees GST of Rs.45000.there is difference between GSTR-1 total taxable amount and GSTR-3B taxable Amount.while set off GSTR-3B it is matched in Aug 2017 return.Now we want to claim that Excess amount.Ho to do that?
6 Replies
ANKIT SACHDEVA
(A/c Manager at Pallavi Rajput & Co. (Chartered Accountants))
(244 Points)
Replied 01 September 2018
You can simply claim the Refund of excess paid GST u/s 54 and 89 for this you can file RFD-1 form or You can carry forward it and set off in upcoming tax period.
Vignesh
(Finance executive)
(256 Points)
Replied 01 September 2018
we showed excess output GST in GSTR-3B and less in GSTR-1.While Setoff in GSTR-3B is setoff against that excess amount also.there ofter no balance in cash ledger.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 01 September 2018
Now cannot claim refund the excess amount deposited .
Rectify in your Next 3B . Reverse the excess liability shown
Rectify in your Next 3B . Reverse the excess liability shown
Vignesh
(Finance executive)
(256 Points)
Replied 01 September 2018
Almost 1 Year over.shall we rectify now.by showing less amount.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 01 September 2018
Yea you can , just prepare reconciliation statement for the same
Vinod Babu
(24191 Points)
Replied 02 September 2018
You cannot claim refund of the excess amount deposited. Instead utilise the excess amount in next GSTR3B returns if any liabilities exist.
Also rectify the mistakes in next GSTR3B.
Also rectify the mistakes in next GSTR3B.
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