How to show reversal of itc in annual return itself if no reversal made neither in 3B of 2018-19 nor of 2019-20?
thanks
Menu
Annual return itc reversal
Replies (10)
Quick Summary
Make a excel of reversal of itc that you want to do in separate row n coloum in clear way regarding cgst sgst igst
now pay your drc03 pay the liability of your reverse itc with interest of 24 by choosing voluntary 73 (5) clearly mentioning for which year along with the attachment of the excel sheet you made
and after doing this it will reflect in table 13 of gstr 9
now pay your drc03 pay the liability of your reverse itc with interest of 24 by choosing voluntary 73 (5) clearly mentioning for which year along with the attachment of the excel sheet you made
and after doing this it will reflect in table 13 of gstr 9
Table 12 is for reversal
Sir you say you don't show in 3b that's the ans I give
But table 13 is for itc and table 12 for reversal... so table 12 should be taken as per my view
Dear CA Parul
table 12 is for the ITC pertaining to current FY reversed in subsequent FY.
So report the reversal in Table 7(H) ,& deposit the same in cash ledger & set-off by filing DRC 03.
table 12 is for the ITC pertaining to current FY reversed in subsequent FY.
So report the reversal in Table 7(H) ,& deposit the same in cash ledger & set-off by filing DRC 03.
But table 7 and table 9 are not for the reversal of data which are not shown in 3b
Table 7 does not seem to be appropriate sir... table 12 should be preferred
@ ayusmita
yes table 7 is for reversal for already reported in gstr 3b ,but if you are going to file gstr 9c for the same then its better to report in table 7(h), not required to give any comment in gstr 9c or the best way is report net itc in table 6B (by reducing reversal) so as the Table 8a (gstr2a) get tally with Table 8b. (as 6b is get reflected in 8b)
@ CA parul
table 12 is for the reversal done in next fy, kindly read the instruction in term of notification 74/2018 CT
Sorry sir but that's the wrong way to show as if we show then it deducted from the Gstr3b means the leader we allready maintain
Where's as the above case sir not shown in Gstr3b
yes its not reported in gstr 3b , that's why the adjustment need to be in Annual Return.
Recent Topics :
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
- AIS VS GST Mismatch- FY 2025-26
- Gross total income
- Export Compliance
- Sale of plots in open land
Related Topics :
CAclubindia
