ITC Reverse Table and Time period


This query is : Resolved 

Quick Summary
This discussion clarifies how to reverse ineligible and excess Input Tax Credit (ITC) claimed in the financial year 2023-24 within the GSTR-3B filing. Ineligible ITC should be reversed under specific sections (17(5), rules 42 and 43), while excess ITC goes into the 'others' column. The query also seeks the deadline for this ITC reversal for FY 23-24.

09 September 2024 Ineligible ITC And extra ITC has been claimed in FY 23-24, now in which column should it be reversed in 3B ad Last Date Of reverse ?

10 September 2024 Ineligible ITC to be shown as reversed under Section 17(5), rule 42 and 43 column and extra ITC in others column.

10 September 2024 Last date of ITC Reverse for F.Y.23-24??


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