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Reversal of excess credit in cash

This query is : Resolved 
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(Querist)
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 .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 April 2019 Yes you can do it and claim refund on left over cash balance.
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DHEERAJ KUMAR

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DHEERAJ KUMAR (Querist)
19 April 2019 Sir, how should I show it in gstr 3b
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 April 2019 Show it in table 4 B ITC reversed.
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DHEERAJ KUMAR

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DHEERAJ KUMAR (Querist)
19 April 2019 Thanks sir, do u need to file regular return after filling application for cancellation of registration...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 April 2019 Yes file upto date of cancellation.
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