20 January 2024
Hi, In the financial year 21.22, an Input Tax Credit (ITC) has been reversed in GSTR 3B as per the provisions of section 17(5) due to a misunderstanding. Consequently, the same amount was paid through DRC 03 in the financial year 22.23 during the annual return filing. This implies that the ITC has been reversed twice, and now there is a need to claim a refund through DRC 03 for the amount paid in FY 22.23. I kindly request your suggestions regarding the options available for DRC 03 and any relevant case laws pertaining to this matter.
CAclubindia
