Wrongly taken blocked ITC in GST
This query is : Resolved
Quick Summary
Rakesh Sharma
(Querist)
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
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
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
(Querist)
23 May 2020
Thanks for prompt reply mam.
Mam, should we pay interest @24% also? As some experts advise me.
Kindly guide me.
Mam, should we pay interest @24% also? As some experts advise me.
Kindly guide me.
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