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Gstr 3b wrongly submitted

sanjeev (FM) (45 Points)

25 August 2017

I have wronlgy submitted the GSTR 3B, i entered ITC in reverse ITC by mistake and now the liability becomes huge.

please help me what to do now.

Thanks

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5 Replies

rinku gupta (accountant) (435 Points)
Replied 25 August 2017

now u rectify in gst 1

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Harshali Marathe (16 Points)
Replied 26 August 2017

Sanjeev sir how many liability your client arises due to mistake??

sanjeev (FM) (45 Points)
Replied 26 August 2017

Thanks for help, it means a lot,

Now the liability becomes 5 lakh , i read the Notification No. 17/2017

ir says " Where a return in FORM GSTR-3B has been furnished, after the due date for furnishing of details in FORM GSTR-2—

Part A of the return in FORM GSTR-3 shall be electronically generated on the basis of information furnished through FORM GSTR-1, FORM GSTR-2 and based on other liabilities of preceding tax periods and PART B of the said return shall be electronically generated on the basis of the return in FORM GSTR-3B furnished in respect of the tax period; (b) the registered person shall modify Part B of the return in FORM GSTR-3 based on the discrepancies, if any, between the return in FORM GSTR-3B and the return in FORM GSTR-3 and discharge his tax and other liabilities, if any; (c) where the amount of input tax credit in FORM GSTR-3 exceeds the amount of input tax credit in terms of FORM GSTR-3B, the additional amount shall be credited to the electronic credit ledger of the registered person.”

it means, after submitting correct GSTR 1 , and electronically generate GSTR 2, the liability will reduce automatially ??

is it correct ?, because the client has not yet filed the return becauase of huge liability

i talked with GST help line, 5 times and everytime they said, you no need to deposit tax, once you do the correction in GSTR1, liability will automatically reduce , but in notification no 17/2017, the first line is "Where a return in FORM GSTR-3B has been furnished"

please help, thanks in advance

sanjeev