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GST ITC Query

ITC / Input 296 views 3 replies

Hi Valued Members,

One New Regular Tax Payer claimed some ITC in the FY 2019-20.

Some ITC matched as per GSTR2A and some ITC mismatched and after re-verification by tax payer it is found that ITC wrongly claimed in GSTR3CB.

As all 3CB and GSTR1 already filed by tax payer for FY 2019-20. Kindly guide how this ITC to be reversed or paid through challan.

Replies (3)
ITC to be reversed by paying Interest on reversal of ITC @ 18% pa from the date of availment to date of reversal.

Praveen Sir, ITC claimed in January & February'2020 GSTR3CB, can we reverse it in upcoming September'2020 GSTR3CB return by paying reversal of ITC @ 18% pa from the date of availment to date of reversal process. Please guide.

ITC claimed in January & February'2020 GSTR3CB, can we reverse it in upcoming September'2020 GSTR3CB return by paying reversal of ITC @ 18% pa from the date of availment to date of reversal process. Please guide.


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