Itc related query

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401 Points Posted on 08 October 2020
The excess itc which was claimed in earlier year will be shown in which table of gstr 3b reversal of itc others table or any other place
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On 08 October 2020 at 07:22 Report
Replies (5)
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This discussion clarifies how to handle excess Input Tax Credit (ITC) claimed in previous periods. The consensus is that excess ITC must be reversed in Table 4 of the GSTR-3B. It's important to note that there is a time limit of 180 days from the date of claiming the excess ITC for this reversal.

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account -GST
1560 Points Posted on 08 October 2020
Reversal of ITC others table
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On 08 October 2020 at 08:12
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57 Points Posted on 08 October 2020
We can only reverse in the table 4 in GSTR3B ,but I have a doubt if there any penalty and intrest to be pay on the excess ITC climed month to reversed month
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On 08 October 2020 at 09:12
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Profession
28261 Points Posted on 08 October 2020
GST CLAIMED IN EXCESS CAN BE REVERSED IN TABLE 4 IN GSTR 3B.
BUT THERE IS A TIME LIMIT.
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On 08 October 2020 at 14:30
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401 Points Posted on 08 October 2020
What is the time limit
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On 08 October 2020 at 15:20
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57 Points Posted on 08 October 2020
Yes,180 days from the of excess climed itc
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On 08 October 2020 at 15:22

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