GST 105% ITC CALCULATION QUERY

This discussion addresses a query regarding the reclaim of Goods and Services Tax (GST) Input Tax Credit (ITC) when credit notes result in a negative value. The user is asking where to report this reclaimed ITC in their GSTR 3B return and whether it affects the 105% ITC calculation. The response clarifies that reclaimed ITC should be shown under 'Other ITC' in GSTR 3B and that the 105% calculation is not applicable if the ITC was already reflected in previous GSTR-2A/2B filings. It also touches upon the refund of interest paid on excess ITC claims and the non-refundability of duplicated ITC claims.