GST ITC REVERSAL

what is journal entry in books for excess input claimed but not reversed in GSTR3B till time closing books for the financial year
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Quick Summary
This discussion addresses how to account for excess Input Tax Credit (ITC) claimed but not reversed in GSTR-3B when closing financial year books. It explains that such reversals can be made in GSTR-9, with GST paid accordingly. If an invoice is partially paid, ITC reversal is proportionate and added to the output liability.

U can revert it in gstr 9 and pay gst accordingly

 If part of the invoice is paid the ITC will be reversed on a proportionate basis. The ITC reversed has to be added to output liability.0

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