No rectification of error or omission after GSTR-3B of September
By: – Aman Gera
Goods and Services Tax – GST
Dated:- 31-10-2018<\/p>\n
As per Section 16(4) of CGST Act,2017 , "A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier."
\nAnd with reference to a recent press release which clarifies Section 39 as the section to be considered for GSTR-3B. It means as per CBIC int<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ctify any error or omission. But we can increase the output tax liability or reduce input as it refers to protection of revenue of department. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" No rectification of error or omission after GSTR-3B of SeptemberBy: – Aman GeraGoods and Services Tax – GSTDated:- 31-10-2018 As per Section 16(4) of CGST Act,2017 , "A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both … Continue reading “No rectification of error or omission after GSTR-3B of September”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14748","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14748"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14748\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n Reply By Ganeshan Kalyani as =
\nBeing the first year credit was concerned where still lot of assesses are not well versed with gst law, the govt should have extended the due of filing of Sept 2018 month returns. Or they should allowed to take credit till the filing of annual return. As the annual audit is due to be filed on or before 31.12.2018 duly audited. The excess credit , short credit is bound to come and the assesse will be helpless to claim those credit only because the law states that after filing of Sept return the credit of FY 17-18 cannot be claimed.
\n Dated: 1-11-2018
Scholarly arti<\/p>\n
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