ITC reversal when ITC wrongly claimed
Deepika Garg (181 Points)
06 December 2024Deepika Garg (181 Points)
06 December 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5684 Points)
Replied 06 December 2024
2. *Calculate the incorrect ITC amount*: Determine the amount of ITC incorrectly claimed.
3. *Section 42*: Procedure for reversal of ITC.
Mitali
(Finance Professional)
(15529 Points)
Replied 09 December 2024
You may report the reversal in Table 4(B)(2) of GSTR-3B under "ITC Reversed – Others"
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