Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Gst reversal declaration

390 views

Save Share

Join Us Follow Us Add as Source

megha Aggarwal

157 Points Posted on 28 November 2023

Hi, today I want to give Gst revesal declaration, amount of reversal
will be upto October return or upto July return?

Replies (3)

Quick Summary

This discussion clarifies the deadline for GST reversal declarations. For monthly filers, the ITC reversal needs to be reported up to the July 2023 return period. Quarterly filers should report up to the April to June 2023 return period. This ensures accurate ITC reversal reporting.

Rajendra Prasad

Employee Private

1913 Points Posted on 28 November 2023

It is upto July return.

Suresh Kumar

Account

408 Points Posted on 29 November 2023

For monthly filers, the ITC reversed until the July 2023 return period will need to be reported, whereas for quarterly filers until the April to June 2023 return period