wrong input taken in gstr3b,

UMESH (ACCOUNT EXECUTIVE) (57 Points)

18 July 2018

we take wrong input in gstr3b in september.17. and now can we reverse it in jun.18 gstr3b return?

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5 Replies

Vinod Babu (24191 Points)
Replied 18 July 2018

Yes you reverse wrongly taken ITC in sep 3B

1 Like

Sumaid Yaseen (35 Points)
Replied 18 July 2018

Yes you can reverse it with interest of 18% p.a

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 18 July 2018

Yes... You can reverse.

Also interest is applicable for wrongly availed ITC. Rate of interest @ 24%p.a....

UMESH (ACCOUNT EXECUTIVE) (57 Points)
Replied 18 July 2018

why interest is paying , we not this excess credit

Vinod Babu (24191 Points)
Replied 18 July 2018

For the wrong ITC taken, interested is charged.

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