Annual return itc reversal
CA PARUL KHATANA (Self practice at KHATANA & ASSOCIATES) (118 Points)
01 December 2020thanks
CA PARUL KHATANA (Self practice at KHATANA & ASSOCIATES) (118 Points)
01 December 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 01 December 2020
CA PARUL KHATANA
(Self practice at KHATANA & ASSOCIATES)
(118 Points)
Replied 01 December 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 01 December 2020
CA PARUL KHATANA
(Self practice at KHATANA & ASSOCIATES)
(118 Points)
Replied 01 December 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 01 December 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 01 December 2020
But table 7 and table 9 are not for the reversal of data which are not shown in 3b
CA PARUL KHATANA
(Self practice at KHATANA & ASSOCIATES)
(118 Points)
Replied 02 December 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 02 December 2020
@ ayusmita
yes table 7 is for reversal for already reported in gstr 3b ,but if you are going to file gstr 9c for the same then its better to report in table 7(h), not required to give any comment in gstr 9c or the best way is report net itc in table 6B (by reducing reversal) so as the Table 8a (gstr2a) get tally with Table 8b. (as 6b is get reflected in 8b)
@ CA parul
table 12 is for the reversal done in next fy, kindly read the instruction in term of notification 74/2018 CT
ayusmita
(Tax consultant)
(5885 Points)
Replied 02 December 2020
Sorry sir but that's the wrong way to show as if we show then it deducted from the Gstr3b means the leader we allready maintain
Where's as the above case sir not shown in Gstr3b
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 04 December 2020
yes its not reported in gstr 3b , that's why the adjustment need to be in Annual Return.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)