Dear Experts,
Our client is Manufacturing both Taxable and Non-Taxable goods.
ITC Reversal on ineligible payable amount for the FY 2021-22 is going to be reversed in Sep22 (GSTR3B on 20th Oct'2022) .
Whether it is payable through GSTR3B or DRC-03 option to make payment.(ITC Reversal liability)
If we are paying through GSTR3B whether GSTR3B will allow to offset the cash ledger?. Since this liability has not shown in GSTR1.
If we are paying through DRC-03 . It can not be shown in GSTR9 of Annual Return on 31.12.2022(Table 12)
We are going to pay this amount in couple of days. Please treat this an urgent one and KINDLY SUGGEST
CAclubindia
