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Mistake in filling 3B
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....istake in filling 3B<br> Query (Issue) Started By: - Murari Agrawal Dated:- 30-9-2022 Last Reply Date:- 1-10-2022 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>For the financial year 2017-18 we have wrongly entered the IGST ITC as Import from Overseas. Now we have received notice stating that excess ITC has been availed on that account. The IGST ITC shows unavailed of equal amount. Kindl....
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....y guide how to reply. Thanks Reply By Shilpi Jain: The Reply: Pls reply the department giving details of the factual background along with documents.... As per the facts I understand that the ITC has been taken but taken in the wrong column. I hope it is not a case of missed ITC Reply By Ganeshan Kalyani: The Reply: Pls elaborate your query. Reply By Murari Agrawal: The Reply: Its not a ca....
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....se of missed ITC but taken in wrong column. While filing 3B returns, wrongly entered as import of goods in Integrated tax column instead of all other ITC in ITC available under heading Eligible ITC. Reply By KASTURI SETHI: The Reply: It is a trivial typographical mistake.It is rectifiable. It is bona fide mistake.Produce original records before the officer who has issued notice/letter. I think i....
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....t is not a Show Cause Notice but a simple letter. Mere wrong entry cannot force you to reverse ITC with interest as per GST laws. You have not caused any revenue loss. Hence no question of interest and penalty. SECTION 126. General disciplines related to penalty. - (1) No officer under this Act shall impose any penalty for minor breaches of tax regulations or procedural requirements and in p....
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....articular, any omission or mistake in documentation which is easily rectifiable and made without fraudulent intent or gross negligence. Explanation. -- For the purpose of this sub-section, -- (a) a breach shall be considered a 'minor breach' if the amount of tax involved is less than five thousand rupees; (b) an omission or mistake in documentation shall be considered to be easily rectifiable i....
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....f the same is an error apparent on the face of record.<br> Discussion Forum - Knowledge Sharing ....