What is inward supplies liable to reverse charge in Gstr 3B?

3.1(d) – Inward supplies (liable to reverse charge) = Purchases made from UnRegistered suppliers for which you need to create an invoice for yourself to pay the GST. 3.1(e) – Non-GST outward supplies = Goods that are not covered in GST, eg., Alcohol, Petroleum products etc.

Can input tax credit that was wrongly claimed in Gstr 3B be rectified now in Gstr 9?

The DRC-03 should be filed with digital signature or EVC. iii) Now amount of reversal of ITC through DRC-03 should be reflected at Table 13 of GSTR-9 (Annual Return). In this way the ITC for FY 2017-18 can be reversed in Annual Return.

How do I reverse a wrong ITC claim?

It is known as an Input tax credit (ITC). If the input tax credit is wrongly claimed, then it should be reversed by making payment to that extent next month.

What is exempt nil and non GST inward supplies?

According to Section 2(47) of Central Goods and Services Tax Act, 2017, “exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply.

How do you adjust reverse charge on Gstr 3B?

To create, save, pay taxes and file Form GSTR-3B return, perform the following steps:

1. Login and Navigate to Form GSTR-3B – Monthly Return page.
2. Enter Details in Section – 3.1 Tax on outward and reverse charge inward supplies.
3. Enter Details in Section – 3.2 Inter-state supplies.
4. Enter ITC Details in Section – 4.

What happens if Gstr 9 is wrongly filed?

The error made in GSTR 1 or GSTR 3B shall be rectified in respective forms only. No rectification can be made in GSTR 9 annual return. But the changes so made relating to the relevant financial year shall be duly reported in the annual return yet to be filed.