URGENT REPLY NEEDED

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Sir we have claimed 50lacks more ITC in Feb-18 month 3b return by mistekenly. we have not filled the return. Please tell me how to reverse the extra input claimed and is there any penalty for wrong claimed input.??
Replies (6)
sir u can't , u have to correct it in next 3b

its assume that u might not have input of 50lac to adjust in next month , so Ur credit ledger would be showing u a huge credit,
so it's my opinion do the following
1. register Ur complain to Helpdesk
2. Go & contact to Ur jurisdiction officer
3. if u find helpless even gone through above 2 point , plz reverse in table 4 under row Reverse ITC 'others' ( this is my opinion may differ by other expert) , because 3b not accept value in minus
If u hv not output tax liability then reverse it in next month Gstr3B... In reversal of column.... 24% interest is there for wrong claim of ITC
Thanks for your valuable reply Pankaj rear and Divakar.
but 24% interest is on input claimed or taxable value..???
To the extent of ur tax liability reduced by that itc claimed
Reverse it in ur next gstr3b.... GSTR3B is just a provisional return and not final return
Thank you sir...


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