ITC Reversal on Damaged Stock
This query is : Resolved
24 May 2022
Sir,
I want to know the treatment of ITC reversal on damaged stock written off at the time of filing GSTR-3B. Whether Reversal should be shown in Table 4 (B) (2) (4. Ineligible ITC. B. ITC Reversed. (2). Others) or should be shown in Table 4 (D) (1) (4. Ineligible ITC. D. Ineligible ITC. (1). As per Section 17(5)).
Please Clarify
I want to know the treatment of ITC reversal on damaged stock written off at the time of filing GSTR-3B. Whether Reversal should be shown in Table 4 (B) (2) (4. Ineligible ITC. B. ITC Reversed. (2). Others) or should be shown in Table 4 (D) (1) (4. Ineligible ITC. D. Ineligible ITC. (1). As per Section 17(5)).
Please Clarify
Udaya Chandran
(Expert)
24 May 2022
If the ITC is already taken in the return, i.e. already shown in GSTR 3B and utilised, then reverse the same in Table No.4 (B) (2) Others.
If the ITC is not taken in the return, show the same in Table No.4 (D) (1) As per section 17(5).
If the ITC is not taken in the return, show the same in Table No.4 (D) (1) As per section 17(5).
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