Excess itc claimed not reversed till date

ITC / Input 302 views 8 replies

Hi, we have claimed excess ITC and recorded the same in books for 17-18. In books we have reversed in 18-19 but in GST portal it has not been reversed till date. Where should it be shown in GST9? 

Replies (8)

In GSTR-9 table 7 mention the ITC reversed, as Itc reversed . in reversal column

 

The same should be disclosed in Table No. 7 of GSTR 9 and Set off your liability by filing DRC-03.
 

Though the Table No. 7 is linked with information declared in GSTR 3B, that is the right place to disclose & reverse the same under Other reversal .

 

 

table no 7 of gstr 9

Thank you everyone for your replies. In column 6 should we show only correct ITC via bifurcation and put the excess as other ITC availed below which will correspond with table 7 then?

You must mention correct itc and itc reversed

So if correct ITC is 270 and 3780 needs to be reversed ie total 4050 was claimed but 3780 is excess, should this excess also be shown in Table 6 or only in table 7 in reversal?

Can someone please confirm "if correct ITC is 270 and 3780 needs to be reversed ie total 4050 was claimed but 3780 is excess, should this excess also be shown in Table 6 or only in table 7 in reversal?"

Yes! only the ITC excessively claimed must be reversed and to be mentioned in respective table.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads
Loading