Reversal and Reclaim issues
This query is : Open
07 July 2025
This query regarding one of my client’s situation where Input Tax Credit (ITC) was reversed every month in GSTR-3B Table 4(B)(2) (“Others”) during FY 2024-25, intended to be reclaimed in Table 4(D)(1) (“ITC Reclaimed which was reversed under Table 4(B)(2) in earlier tax periods”) in the subsequent month, but not included in Table 4(C) (“Net ITC available”) due to this reason ITC as per Books and ITC as per Credit ledger Not Matched, and even difference arise exact reverse and reclaim amount, Kindly provide a solution for this issues based on the Central Goods and Services Tax (CGST) Act, 2017, and CGST Rules, 2017.
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