Input tax credit
satheesh (ca practice) (49 Points)
22 October 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14599 Points)
Replied 22 October 2019
you have to reverse the ITC wrongly taken in F.Y 2017-18 (March 2018) through DRC03 while filing GSTR9 /9C for the F.Y 2017-18 .
1) show reversal in table 7(H) of GSTR 9 (2017-18)
2) Payment in cash ledger ( Cash payment only )
3) File DRC03 for Set-off
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)