Excess ITC claimed in 19-20 February 2020 was reversed in March 2020 GSTR3B under any other reversals. Is the net ITC claimed for 19-20 to be shown in Table 6B? Or entire claimed to be shown in 6B and reversal in Table 7H? But that results in negative difference in Table 8. Kindly help urgently! Thank you @
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Excess ITC reversed in 19-20 - disclosure in GSTR9
Replies (1)
You can either report the gross ITC in 6B and the reversal in 7H (which is technically correct, and the resulting negative Table 8D is acceptable as long as you have the reconciliation to prove the reversal), or you can report the net ITC directly in 6B (a common practical approach to keep Table 8 clean since both the claim and reversal happened in the same financial year).
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