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All QuestionsCategory: GST CompliancesTax Depsoited Extra
Profile photo of Utkarsh GoyalUtkarsh Goyal asked 5 months ago

Tax Depsoited Extra

Dear Concern,
By mistake while we were filing GSTR 3B we filed tax more than actual.
Eg my tax was 472881 and we filed it as 4772881 due to a typing error.
I did not make cash payment of tax, as I had  input tax credit available.
I have filed RFD-1 but I am not getting a refund due to which My ITC is shortfalling now and I will have to make cash payment.
What are the provisions and compliances I need to do to correct this error.

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2 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 5 months ago
  1. After you apply RFD, the officer either should process and credit back to your account or reject and your ITC would be restated
  2. You can adjust this excess payment by reducing in the next month payment as per circular 26/2017

Answer by VenuGopal

Profile photo of Consultease AdministratorConsultease Administrator answered 5 months ago
  1. After you apply RFD, the officer either should process and credit back to your account or reject and your ITC would be restated
  2. You can adjust this excess payment by reducing in the next month payment as per circular 26/2017

Answer by VenuGopal