Hi dear team I have reverse the ITC in 3B in B(1) which belongs to bank, vechile repair, stationary where to show this in GSTR 9 in which table and under which rule
Pls advise
Menu
GSTR 9 tabel 7
Replies (2)
Quick Summary
Why did you reversed the ITC?
50% ITC Reversal in case of the Banking or NBFC sector should be reported under Rule 38 Table of GSTR-9. Ineligble ITC such as blocked credit on vehicle, life insurance, food etc. to be reported in 17(5). Balance reversal which are not specifically address should be reported in the Table-7(H) of GSTR-9 i.e. "Other-Reversal" The Other Reversal column also includes the ITC reversal on account of reclaimed.
Recent Topics :
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
- TAN REGISTRATION ON E-FILLING SITE
- Form 10-IEA – Continuing Old Regime
- Income tax act 2026
- Belated Return where Form 10IEA filed this year to
- GST Reconciliation Tool (2A vs Books) - looking fo
- TDS ON PF FORM 19 WITHDRAWAL
- Can a virtual office in Mumbai be used for company
Related Topics :
CAclubindia
