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Reversal of Itc In Gstr 9
Itc Cliamed mistakely in 2017-18 how to Reverse in Gstr-9?
Replies (6)
You should have reversed it in March 2019 month's return as there is no provision of reversing ITC in annual return
itc can b reversed in gstr9... part,v clmn 12
PART V , CLMN 12? WHERE IT IS?
Report ITC as per Books in table 6. & deposit the wrongly claimed ITC with Interest 24% by filing DRC 03.
Note : DRC 03 has to be setoff against the Cash Ledger only
Note : DRC 03 has to be setoff against the Cash Ledger only
Can't it reverse in table no.7(H) ?
Sir I have similar query, excess ITC claimed in 17-18, but this was not used, the said amount kept aside while paying monthly GST. the excess amount remained as credit balance every month.
Now in April-19 we reversed this amount, to avoid its use.
What shall we do now while filing return GSTR9.
Regards
Manoj Punjabi
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