Ineligible input credit

bijo (Accountant) (302 Points)

31 March 2018

Is there any problem,if we didn't show the Ineligible Input Credit on GSTR 3B? If we show only eligible input credit,any penalty for the same?

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3 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 31 March 2018

no , problem but tax liability should be deposit correct, show it in gstr 2 when it get start filing

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 31 March 2018

Originally posted by : Pankaj Rawat
	no , problem but tax liability should be deposit correct, show it in gstr 2 when it get start filing

YES..... AGREED.

Nirav Worah (CHARTERED ACCOUNTANT) (396 Points)
Replied 31 March 2018

In a worst case, residual penalty of Rs. 25K may be imposed.

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