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ITC claim and reverse matter

AKHILESH KUMAR SRIVASTAVA (14 Points)

26 October 2021  
1.Claim ITC - 40800
Reverse ITC- 7000
Net ITC - 33800


2.Claim ITC - 33800
Reverse ITC- 0
Net ITC - 33800



we know that 1st type is correct but if someone do 2nd type is it not acceptable?

 3 Replies

CA Altamush Zafar (GST Consultant) (11070 Points)
Replied 26 October 2021

Your question is not clear as to how ITC will get reduced in case RCM ITC is shown.

You can correct the mistakes in your next GSTR-3B

AKHILESH KUMAR SRIVASTAVA (14 Points)
Replied 26 October 2021

7000 ITC excess claim previous month which should be reverse and it's matter 2017-18 so we can't do anything now.

CA Altamush Zafar (GST Consultant) (11070 Points)
Replied 26 October 2021

Show it in reversal of ITC others


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