Reversal of igst itc in drc 03
This query is : Resolved
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RAJAT JAIN
(Querist)
24 June 2021
A Ltd registered in Maharashtra has purchased construction material from Gujarat .
Supplier has charged IGST in his invoice. A Ltd taken ITC in GSTR-3B. However, the said ITC is not eligible as the same is blocked credit under section 17(5). Therefore, A Ltd want to reverse the said ITC by filling DRC-03. But while filling DRC-03, when Tax type is selected, GST Portal asks for Place of Supply State. Then, our query is that whether we should select state Gujarat or Maharashtra ?
Supplier has charged IGST in his invoice. A Ltd taken ITC in GSTR-3B. However, the said ITC is not eligible as the same is blocked credit under section 17(5). Therefore, A Ltd want to reverse the said ITC by filling DRC-03. But while filling DRC-03, when Tax type is selected, GST Portal asks for Place of Supply State. Then, our query is that whether we should select state Gujarat or Maharashtra ?
CMA Poornima Madhava
(Expert)
24 June 2021
Place of supply is Maharashtra (location where goods are delivered)
CA Altamush Zafar
(Expert)
25 June 2021
POS will be Maharashtra
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