Excess credit for FY 17-18

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What to do while filing GSTR 9, where excess credit was availed in 2017-18 but not reversed till date??
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Where ITC reversed less than required to be reversed then here is no specific column for reversal of such ITC in the GSTR-9. In the absence of the same, there could be two approach to deal with the same

1. The ITC may be shown net of ineligible ITC. This would result in difference as per GSTR-3B viz a viz final ITC to be taken in GSTR-9 which may have to be explained by the auditor in GSTR-9C.

 

2. Such excess credit may be reversed by disclosing it in the Table 7H of the GSTR-9.

Table 7H of GSTR 9

Mithul Thakur given proper explanation for the same.

Reversed it by paying through DRC03
show real itc on table no 6 in gstr 9 and extra itc show in table no 12 and pay in cash by drc 03 .


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