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URGENT HELP

20 March 2019

accountant done mistake while entering data in Gstr-3b about ITC .HE wrongly entered in reverce charge .so what i can do to correct this situation

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16 Replies

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 20 March 2019

you can edit before submitting

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suraj goundwadkar (95 Points)
Replied 20 March 2019

but he submited

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 20 March 2019

have you paid for reverse charge

suraj goundwadkar (95 Points)
Replied 20 March 2019

It is actual other Input tax credit but accountant entered as reverse charge wrongly and submited gstr.3b

shailendra shukla (Bhopal) (1741 Points)
Replied 20 March 2019

you might be having balance in electronic cash ledger ri8?....

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suraj goundwadkar (95 Points)
Replied 20 March 2019

due to this, amount is deducted from my credit ledger.can i claim refund for such amount, please guide me.

g mahesh Mundra (Business and tax consultant) (3296 Points)
Replied 20 March 2019

No you can take it as input credit

suraj goundwadkar (95 Points)
Replied 20 March 2019

how

shailendra shukla (Bhopal) (1741 Points)
Replied 20 March 2019

plzz elaborate......

suraj goundwadkar (95 Points)
Replied 20 March 2019

Purchase input for the month of feb-19 is CGST Rs.50,000 and SGST Rs.50,000 but while entering in gst portal my accountant wrongly entered in reverse charge block,therefore it is deducted from my credit ledger balance as above amount.

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pritesh (CA Final student) (7101 Points)
Replied 20 March 2019

Accountant entered in table 3.1 under outward supply?
if yes...

then Rcm to be paid in cash .. how your credit balance will reduced??

If no..it has been shown in table 4 ..
. then no issue make a note of it...if tomorrow some problem arise then you can explain to officer

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 20 March 2019

Yes .... Agree with Mr Pritesh , if he has reported in Table 4 then there is no question of reduced from credit ledger .

Hence check bit again ....

suraj goundwadkar (95 Points)
Replied 21 March 2019

He entered in eligible ITC under (B) ITC REVERSED
(1) as per rule 42 & 43 of CGST /SGST rules.
Therefore it is showing in negative amount

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 March 2019

Oh ohooo oops .... He has reported under reversal . .... Can be corrected in your Next GSTR 3b by showing the same By doubling the Fiqures under Table 4 , Row (A) (5) all other ITC.

Supposed if you have wrongly shown 1200/- in Reversal instead under all other ITC , then In current Month 3b. Show the 2400/- under all other ITC