How to treat ineligible itc? urgently please

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118 Points Posted on 07 February 2020
under 2A i see the bill that is mistakenly shown by the party. now i have to show it under ineligible field in GSTR3B. where should I declare the ineligible ITC or should i treat it ?
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On 07 February 2020 at 11:55 Report
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Quick Summary
This discussion addresses how to handle ineligible Input Tax Credit (ITC) mistakenly shown on a bill within GSTR 3B. The consensus suggests not claiming the ineligible ITC in the first place. Instead, it should be deducted from the total available ITC before filing the GSTR 3B return.

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56 Points Posted on 07 February 2020
Not an expert, but I think you should claim itc as per your books in gstr 3b and not claim itc for that particular bill you mentioned. Also, please clarify if it is about Annual return?!
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On 07 February 2020 at 12:28
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12 Points Posted on 07 February 2020
Dont claim that ineligible itc in your 3b just deduct that ineligible itc from your total itc and claim.the rest in 3b
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On 07 February 2020 at 17:09
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118 Points Posted on 07 February 2020
Thanks Gaurav
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On 07 February 2020 at 17:16
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56 Points Posted on 07 February 2020
Correct me if I am wrong! But If he doesn't claim that particular itc in the first place is he supposed to deduct it from total itc?!
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On 07 February 2020 at 17:46
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118 Points Posted on 07 February 2020
Yes. i will deduct that itc from my total currently available.
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On 07 February 2020 at 17:54

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