Page 13 - Chapter 14 Return.cdr

2023 in terms of section 39(9). the maximum time limit for the rectification of
the discrepancy is the earlier of the following two dates:
a)Due date of filing of return for the month of September following the end of the
financial year 2023-24 [i.e., 20th October, 2024]
or

b) Actual date of filing of the relevant annual return i.e., 10th November, 2024.
Thus, Mr. B cannot rectify the discrepancy beyond 20th October, 2024.

ii) If Mr. B does not rectify the a discrepancy in his valid return for September 2023, CH 14
the excess ITC claimed by Mr A will be added in the output liability of Mr A in his
Return
GSTR -3 for the month of October 2023. If Mr B does not rectify the discrepancy
by 20th October, 2024, Mr A will never be able to reclaim ITC of ` 15,000.

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