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Input tax credit
I claimed excess input tax credit in March 2018 it is possible to reverse the excess credit in the sep 2019 return and if possible how i will show in gstr9 and 9c
Replies (2)
Yes you reverse the input
you have to reverse the ITC wrongly taken in F.Y 2017-18 (March 2018) through DRC03 while filing GSTR9 /9C for the F.Y 2017-18 .
1) show reversal in table 7(H) of GSTR 9 (2017-18)
2) Payment in cash ledger ( Cash payment only )
3) File DRC03 for Set-off
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