GSTR 9 tabel 7

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.