Reversal of excess credit in cash
This query is : Resolved
18 April 2019
Can excess input tax credit taken be reversed using cash ledger , as we have discontinued business and we have no credit to reverse .
19 April 2019
Yes you can do it and claim refund on left over cash balance.
19 April 2019
Sir, how should I show it in gstr 3b
19 April 2019
Show it in table 4 B ITC reversed.
19 April 2019
Thanks sir, do u need to file regular return after filling application for cancellation of registration...
20 April 2019
Yes file upto date of cancellation.
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