I have wrongly shown the ineligible ITC in GSTR -3B in Column 4 - Eligible ITC in Column B(2) Others [ Reclaimable ITC and inadvertently ITC ] - now that ITC is fully ineligible how can i reverse the ITC in next month GSTR 3B. Kindly do the needful
2 Replies
SANGAMESWARAN.N
(Senior accountant)
(116 Points)
Replied 31 March 2023
In next month 3b show in ITC reversal colom of previous ineligible ITC you took.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1260 Points)
Replied 05 April 2023
Since you have temporarily reversed in table 4(B)(2) in earlier month, You should reverse as follows:
1. Claim in 4(A)(5)
2. Reverse in 4(B)(1)
3. Disclose in 4(D)(1)
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