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Question ID : 41081

Excess Output paid in 2020-21

A Firm has paid excess Output tax around Rs 10000- during Dec 20 Quarter because of totalling mistake while Sales is correct.Can it claim this amount of Rs 10000- in 2021-22

Posted by Mahesh Kumar on Jun 23, 2021

Filed Under GST

Answer ID : 81171

YES HE CAN CLAIM THE EXCESS AMOUNT IN NEXT YEAR 2021-2022 . IT WILL REFLECT IN CASH LEDGER

Posted by CA. AGARWAL SANJAY KUMAR on Jun 25, 2021
Answer ID : 81175

Either the excess payment shall be credited in cash ledger or the entity can do necessary adjustment in the return for the month of September 2021 related to the FY 2020-21.

Posted by CA. JHA SHANKAR KUMAR on Jun 27, 2021