Suppose I have a credit reflecting in my GSTR 2b.( eg. input of works contract service relating to construction of immovable property) what action should be done relating to the same?
since it's a blocked credit, the same should not be claimed. Is there any other procedure to be done? like reversing?
It has to be included in "4(A)(5) All other ITC" and has to be reversed in "4(B)(1) As per rules 38, 42 and 43 of CGST Rules and sub-section (5) of Section 17" of Form GSTR 3B.
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