ITC RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18

[nandankumar roy]

DEAR SIR,

WHILE GONG THROUGH RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18 FOLLOWING ITC MISMATCH FOUND IN TOTAL TILL FEBRUARY ARE AS UNDER:

IN GSTR1 LESS COMPARE TO 3 B RETURN IN IGST RS -11930 AND IN CGST AND SGST RS -5459 EACH NOW PL HELP TO HOW TO ADJUST IN MARCH'18 RETURN. IF ANY DISCRIPANCY WILL CREATE PROBLEM AT THE TIME OF AUDIT AND FOR THAT PL PROVIDE WHAT TO DO IN MARCH RETURN AS WELL AS MARCH HSN SUMMARY EFFECT ALSO.

REGARDS,

N K ROY

9427181604

AI Summary

ITC reconciliation: include omitted outward-supply invoices in later returns so portal validations permit finalisation of tax positions.
The portal requires reconciliation of provisional GSTR-3B figures with detailed GSTR-1 entries; omitted outward supply invoices should be included in subsequent GSTR-1 and corresponding GSTR-3B corrections made so cumulative figures reconcile. If portal rectification is blocked, approach the jurisdictional officer or grievances cell. If not remedied in subsequent monthly filings, the Annual Return provides a further, albeit limited, opportunity to regularise omissions and pay any tax with interest; final liability and ITC entitlement will be determined when formal returns are filed.