Excess ITC Claimed
25 January 2020
My client had wrongly claimed excess ITC in 2017-18 but failed to reverse in 2017-18 & 18-19.But till December 2020 my client has filled GSTR_3B.Can i reverse the excess and pay the difference in cash OR File the January 2020 return as it is OR reverse excess ITC using DRC 03 Voluntary payment???
26 January 2020
It will rectify through annual return and pay with interest (through DRC-03)