No..... show 90000/- in 6B . 7H , is for reversal in regard to ITC 03.
Taxxpayer who has availed input tax credit (ITC) as reqular dealer and opted composition is required to reverse the ITC on stock or where the Goods become wholly exempted, the taxpayer is need to reverse the ITC on stock .
Pankaj sir we can reverse in annual return if ITC wrongly availed...that need to reverse in table 7 After that we need to pay this through drc 03 correct?
CAclubindia
