I have claimed excess Itc in form 3b ...how to reduce this itc in annual return as there is no place to show actual ITC in annual return...only way to reduce excess itc from total itc claimed...
please guide me
9 Replies
Saurav Bhattacharya
(258 Points)
Replied 13 May 2019
you can reverse the excess ITC in annual return . and you also have to pay interest @ rate of 24% pa. there is a column in annual return where you have to reverse the excess ITC duplicate ITC, ITC which is blocked, non payment to party within time limit also ITC reverse..
saud ahmed
(Student CA IPC / IPCC)
(270 Points)
Replied 13 May 2019
please tell me where is this column for such excess ITC reversal
Saurav Bhattacharya
(258 Points)
Replied 13 May 2019
fist you reverse in gstr 3 b and than in annul return PT.V IN COLUM 12
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 14 May 2019
PT.V IN COLUM 12 MEANS
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 14 May 2019
In gstr9 which table and column and serial no
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