Excess ITC claim

ITC to the extent excess claimed needs to be REVERSED in your March month's GSTR-3B Return along with Interest @ 24% p.a. under Section 50(2) of the CGST Act 2017. The ITC should be calculated by the taxpayer himself and filled up in Table 4B of FORM GSTR-3B.

NOTE : Although the dates have been extended to file FORM GSTR-3B to the end of June, but Sir kindly ensure it to file within the actual due date since the Interest portion ( @ 24% ) will be keep on accumulating.

Sir, but we don't have any ITC in March. So how I can reverse in 3B

Your are enter excess itc on 3b table no. 4 (b) (I)

show as OUTPUT TAX LIABILITY and pat tax with interest 

Thank you very much Sir Naveen chand

@ Naveen Kumar Sir,

Even if you do not have any ITC in the month of March 2020, you can reverse it by showing it as OUTPUT TAX LIABILITY and the details should be given in Table 4B.

Thank you Shivam sir