Question
In GSTR-3B of Feb-18, ITC of import of Goods where reported as all other ITC and in GSTR 3B of Mar-18 all other ITC were reported as ITC from ISD. These mistakes are now detected, which are in nature of inter changed of ITC types but figures are correctly reported Whether entire amount required to reverse with interest and to report a fresh credit in respective ITC type in the GSTR 3B of Sept-18. Whether ITC on import of goods not availed in the same financial would lapse, this question arised due to GSTR-9 Part-III Sr 8 J & 8 K indicates ITC to be lapsed in current financial year. What are the rectification in GSTR 3B of Sept-18 required in view of above.
Answer
Circular 26/26/2017- GST clarifies that any error
in GSTR-3B may be adjusted in the return(s) in FORM GSTR-3B of subsequent
month(s) and, in cases where such adjustment is not feasible, you are suggested
to write a letter to the Jurisdictional GST Officer giving details of all the
transactions with details of credit claimed under wrong heads.
Further the credit availed by you will not lapse as you have already availed the
credit in the same financial year but in wrong heads, so the question of
availing the credit in same financial year will not arise. (Reply
dt.13/10/2018)