Can Excess Reversal reclaim under rule 42
Saurabh Dubey (Accountant) (68 Points)
11 January 2023I got a notice for reclaim of excess ITC reversal & in the notice, mentioned that there is no provision for reclaim of excess reversal.
Here is the brief example :-
Actual reversal Rs.100 in 2018-19
Reversed in GSTR 3B Rs. 120
Reclaim Rs.20 (120-100) in the financial year
Did I claim in the wrong way or there any provision for reclaim ?
Please help me out