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excess ITC in Annual return

ITC / Input 441 views 9 replies
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Student CA IPC / IPCC
270 Points Posted on 13 May 2019
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
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On 13 May 2019 at 15:02 Report
Replies (9)
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258 Points Posted on 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..
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On 13 May 2019 at 18:12
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Student CA IPC / IPCC
270 Points Posted on 13 May 2019
please tell me where is this column for such excess ITC reversal
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On 13 May 2019 at 19:44
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258 Points Posted on 13 May 2019
fist you reverse in gstr 3 b and than in annul return PT.V IN COLUM 12
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On 13 May 2019 at 21:44
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Student CA IPC / IPCC
270 Points Posted on 13 May 2019
thank you
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On 13 May 2019 at 22:29
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Business and tax consultant
3299 Points Posted on 14 May 2019
PT.V IN COLUM 12 MEANS
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On 14 May 2019 at 16:50
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258 Points Posted on 14 May 2019
column name and serial no
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On 14 May 2019 at 17:07
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Business and tax consultant
3299 Points Posted on 14 May 2019
In gstr9 which table and column and serial no
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On 14 May 2019 at 18:21
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Student CA IPC / IPCC
270 Points Posted on 17 May 2019
kindly tell me table number
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On 17 May 2019 at 15:12
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7059 Points Posted on 04 August 2019
good clarification and information
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On 04 August 2019 at 07:47


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