Dear sir please tell me in GST Annual return if ITC in 3b is Rs 3000 and as per 2A show only 2000 can I reverse ITC 1000 or deposit through DRC 3 challan what can I do please help me experts
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Quick Summary
This discussion addresses how to handle an excess ITC claim in GSTR-3B for the financial year 2017-18 when your GSTR-2A shows a lower amount. Experts advise that the difference of Rs 1000 can be reversed or deposited using the DRC-03 form. The primary concern is how to correctly account for this excess claim, with the consensus leaning towards payment or reversal to rectify the discrepancy.