12 February 2024
Hi, While preparing GSTR 9 it has been noted that ITC has been availed on blocked credits, now since the specified period has passed, the same has to be reversed via DRC 03. After reversing the same where should we report the ITC so reversed, Should it be reported in Table 7 Details of ITC reversed and ineligible ITC for the financial year or in Table 12 Reversal of ITC availed during the FY. or Should the same be reported in GSTR 9C Table 12 as unreconciled ITC Since the credit has been not taken in Books of Accounts?
13 February 2024
it cannot be reported either under table 7 or under table 12 as none of these tables apply in your case. Best option will be to declare it through GSTR-9C showing un- reconciled ITC
CAclubindia
