Annual return itc reversal

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

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.

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.