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REVERSAL OF INPUT TAX CREDIT

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(Querist)
28 January 2021 Dear sir,

We have wrongly taken excess credit amount Rs.35000/- as CGST and the same in SGST in 2019-20.Now we have balance in CGST and SGST credit ledger in GST site.Can i reverse the excess credit from the available balance in credit ledger now.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2021 Yes, reverse it now.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
29 January 2021 Reverse in through DRC -03.
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