Treatment of Excess Output Tax & Excess ITC in GSTR-9

[TAPAN RAI]

Dear Members,

A taxpayer has shown excess output supply as well as excess ITC claim in 2017-18 due to clerical error. No rectification done during 2018-19 Now what should be treatment in GSTR-9?

Excess Output Supply in Jan 2018 - 20.00 Lac Output Tax Liability declared : 2.40 Lacs

Excess ITC claimed in Jan 2018 - 3.60 Lac

He had deposited the differential tax of 1.20 Lac in Sept 2018 but was not able to declare the amendments in 3B due to 3B not accepting negative figures.

Pls. guide.

Thanks & Regards

[Ganeshan Kalyani]

Both can be rectified in the annual return.

[TAPAN RAI]

Sir,

Could you please elaborate.

In which Tables to make the rectification? How to set-off the additional tax liability of 1.20 Lacs?

Thanks & Regards

[Nandan Khambete]

Fill correct figures in table 4 for Liability as per books. ITC as GSTR 3B will auto populate in Table 6. Reverse 3.6lacs in Table 7 and specify nature of reversal.

[SAJAN KUMAR]

Dear ,

You Can rectify in annual return and if your are covered under GST-9C then different will be show in Audit report (9C)

You put the actual figure in Annual return .and the different amount will be pay or refund.

BY Sajan kumar

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Nandan

[TAPAN RAI]

Thanks to all the learned members for your guidance.

AI Summary

Rectification in annual GST return: adjust excess output tax and reverse excess ITC in GSTR-9. Rectify clerical excesses in the annual return by entering correct liability figures so books-of-account are reflected; ITC from submitted GSTR-3B will auto-populate. Reverse the excess ITC in the designated reversal table and specify the nature of the reversal. Reflect any previously deposited additional tax and reconcile positions in the annual return; where applicable, disclose discrepancies in the audit reconciliation (GSTR-9C) so remaining differences result in payment or refund.