Dear Sir,
If excess ITC credit claimed in Mar'21 GSTR 3B Return.
Question : Can it be reversed in Next Year's Apr'21 GSTR 3B RETURN.
If yes, under which column in GSTR 3B. Please note GSTR 9 is not applicable to us.
Please help.
7 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 22 May 2021
Yes ITC can be reversed. In Gstr 3B ITC reversed should be shown under Eligible ITC column table 4
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(604 Points)
Replied 22 May 2021
Yes, you can reverse excess ITC claim
Sivaramaraju G
(Learner)
(2398 Points)
Replied 22 May 2021
Yes you can reverse the excess claimed ITC till September return period. in tile ELIGIBLE ITC under ITC reversed in others row. just put positive figures.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 May 2021
Agree with the above comments
Bhavika Kothari
(CA)
(1258 Points)
Replied 28 May 2021
Yes you can reverse this in next year's april 21. This reversal can be done in Table 4.2d of GSTR-3B
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