Abhinav Jain (29 Points)
08 February 2021Hello helpies,
My Party had ITC of Rs.8000 each of cgst and sgst in November Month. Their Accountant wrongly claimed ITC in the column "ITC liable for Reverse Charge" instead of "other ITC".
When i checked their GSTR 3B, It shows red sign saying Variance of more than 5%. And in actual in GSTR-2A the ITC is very much there.
Now, how can we re-adjust these entries.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 09 February 2021
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 09 February 2021
| Originally posted by : Abhinav Jain | ||
 |
Hello helpies,My Party had ITC of Rs.8000 each of cgst and sgst in November Month. Their Accountant wrongly claimed ITC in the column "ITC liable for Reverse Charge" instead of "other ITC". When i checked their GSTR 3B, It shows red sign saying Variance of more than 5%. And in actual in GSTR-2A the ITC is very much there.Now, how can we re-adjust these entries. |  |
You can Submit with Red Sign with the effect of wrong claimed ITC in Nov
and make Reconciliation for future reference.
Thanks With Regards
Ravi SADhiyan
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 09 February 2021
GSTR 9C is the reconciliation statement prescribed for registered tax payer to whom the GST Audit is applicable. It is not required to be filed by such registered person whose aggregate turnover during a financial year is less than two crore rupees including all mentioned in the table for GSTR 9.
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 10 February 2021
| Originally posted by : Abhinav Jain | ||
|
Do u mean reconciliation in GSTR-9 ?? | |
Not GSTR-9 Its simple Reco in Excel file for furture reference
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