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Input Credit Regarding

08 June 2019

Good Evening,
ITC Entered Wrong. But Not Utilize.But The Same Not Dicplay In Cash Ledger. Display On GSTR 3B Only.How To Solve The Same. I Think This Is RCM Amount. Try To Modify Before Filling. But Not Modified.
This is FY 2017-18 Aug Month Issue.

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8 Replies

Rajarajan. K.S (Employee) (44 Points)
Replied 08 June 2019

Hi, If it is old period then input cant be taken to offset the GST as the timelimit (mar'19) got over.

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Philip Kumar (168 Points)
Replied 08 June 2019

ITC appears only in Electronic credit ledgernot in Cash ledger please check it.

Gopala Krishna (287 Points)
Replied 08 June 2019

Yes Not Appears In Electronic Credit Ledger

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 09 June 2019

In Annual Return Report data as below

1. If Not Reversed in Next fy (the wrong ITC):
Provide data in table 6 as per 3B , & deposit ITC wrongly claimed with Interest 24%, by filing DRC 03

2. When reversed in Next fy ( The wrong claim ITC) :
Provide data in table 6 as per Books , & report wrongly claim ITC in table 12 (deposit only intt. @ 24% )

Gopala Krishna (287 Points)
Replied 10 June 2019

Sir, Wrongly Entered But Not Claimed.

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 11 June 2019

DEAR GOPAL JI

NOT CLAIMED , MEANS NOT UTILISED, !!!!, IF SAME IS BEING REFLECTED IN YOUR CREDIT LEDGER BUT NOT UTILISED , YOU HAVE TO DEPOSIT THE TAX FOR THE SAME WITH INTEREST

Gopala Krishna (287 Points)
Replied 11 June 2019

Sir,
That WasOnly Wrong Entry. No Payment Due From My End. Not Reflection On Credit Ledger Also. Even Though We Are Liable To Pay.

Philip Kumar (168 Points)
Replied 11 June 2019

Then why you are bathering about it? You have to reconcile head wise IGST,CGST & SGST claim of ITC with referance to Original Invoices you are having. ITC claimed wrongly if any it can be reversed that too before filing March return of the fy.