GSTR 2B there is note"Positive values of all credit notes, on which ITC is available. If a. this is negative, then credit may be reclaimed subject to reversal of the same on an earlier instance."
Sir where to show reclaim of itc in gstr 3b under which coloumn? This reclaim itc is considered for 105% itc calculation?
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GST 105% ITC CALCULATION QUERY
Replies (3)
Any interest paid earlier on excess claim of ITC will be refunded by crediting the amount to the recipient's Electronic Cash Ledger. In case of duplication of ITC claim, no refund will be allowed as it is a contravention of the GST provisions.
Reclaim will be shown under Other itc.
No 105% calculation is not applicable on it provided it has already been shown in previous month's in Gstr-2A/GSTR-2B.
You can separately show reclaimed itc in GSTR9
No 105% calculation is not applicable on it provided it has already been shown in previous month's in Gstr-2A/GSTR-2B.
You can separately show reclaimed itc in GSTR9
Gstr 9 under which coloumn no?
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