Question 117: In one of our client we have mistakenly claimed input of rs 18000 in (9000 in cgst and 9000 in sgst) in mar 3B return.

Now we have 37000 bal in our credit ledger so now how we can reverse that input in Apr 3B return.

Answer Input Tax credit when availed in excess shall be added back to the output tax liability in the succeeding GSTR-3B. and can be paid through cash payment or through ITC along with interest but interest shall always be paid in cash.

So the amount of Rs 18000 wrongly claimed as credit is required to be added in the output tax liability of the succeeding GSTR-3B and can be paid through cash or using ITC along with interest. but interest is to be paid in cash

Please note succeeding month means any month comes after the month in which return is filed it does not mean next month only (reply dt. 05/25/2018)