sir i claimed excess itc in preceding financial year, can i reverse in annual return ? or is there any procedure for the same ?
clarify any relevant section or rules.
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Reversal Of ITC
Replies (2)
You can reverse in your current GSTR 3B .
Because in annaul return the reversal ITC will not give effect your credit ledger
Because in annaul return the reversal ITC will not give effect your credit ledger
If excess ITC claimed is for FY 2017-18 , need to pay through DRC 03
or if it relates to FY 2018-19 then can be reversed till sept 2019
or if it relates to FY 2018-19 then can be reversed till sept 2019
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