Reversal of excess itc claimed
This query is : Open
18 January 2018
Please refer your reply dated 13.01.2018 .Sir ,In case wrongly excess ITC has been claimed in GSTR3B of any month by any registered person and person wants to Reverse the excess ITC wrongly claimed by him and net it of with subsequent month ITC in GSTR 3B TABLE 4B(2). Sir I had a experience that in case due to reversal Net ITC of subsequent month comes negative ,then GSTIN portal does not show the correct figures of GST liabilities.
05 April 2018
I too have same problem. I returned goods purchased in February to vendor in March due to defect. The vendor issued me credit note and took back the goods. Therefore now for much I have a negative figure for ITC and Form 3B does not accept negative value
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