Wrongly taken blocked ITC in GST

This query is : Resolved

Rakesh Sharma (Querist)
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23 May 2020 Dear Experts,

We have wrongly taken (not availed) ITC on Civil works on building in GSTR-3B in previous month

Now we want to reverse this ITC in this month i.e. March-2020.

Where we show this ITC in GSTR-3B. Please advise.

Rakesh Sharma

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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23 May 2020 You can show the same via GSTR-3B - Other Reverals Option and pay the taxes claimed wrongly. Or you can also DRC-03

Rakesh Sharma

Rakesh Sharma (Querist)
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23 May 2020 Thanks for prompt reply mam.
Mam, should we pay interest @24% also? As some experts advise me.
Kindly guide me.

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