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GSTR9 and 9c

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(Querist)
30 November 2024 Hi
1) I have claimed excess ITC in fy2023-24 how do I reverse it? DRC 03?
2) I have an outstanding liability for FY 2023-24, can I adjust it through the ECL balance? how to do?
3) Do i have to add this outstanding liability in GSTR9 in Table 9 - Tax paid?


Thank you
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 December 2024 1. Yes, you can use DRC-03 to reverse excess ITC.
2. Yes, you can adjust outstanding liability using Electronic Credit Ledger (ECL) balance.
3. Yes, you need to report the outstanding liability in GSTR-9. Here's why:
Annual Return GSTR-9 requires reporting of output tax liability and input tax adjustments If you have reversed ITC or made additional tax payments through DRC-03, these need to be properly reflected in the annual return
The annual return serves as a comprehensive declaration of your tax position for the financial year.
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