Penalty for excess itc taken wrt gstr2b

Querist : Anonymous (Querist) 03 July 2023 This query is : Resolved
Supplier uploaded March invoice on 14th April 23 in his GSTR1. Invoice reflected in GSTR2A but not in 2B. If we take its ITC in our GSTR3B and file our returns. What is penalty for it and under which section

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T. Kalaiselvan, Advocate (Expert) 09 August 2023
So in such cases, the invoices which you missed out in the current GSTR 1, need to be considered in your upcoming filing of GSTR 1. It should be noted that the actual tax liability and payment, at present, is completely determined by information filed in GSTR 3B.
GSTR 2B contains additional information related to the invoices, such as return filing status, ITC eligibility, and more. This statement consists of invoice details as per the documents filed by the suppliers. Details regarding this are made available in this return.

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Penalty for excess itc taken wrt gstr2b

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