Itc reversal for the year 2018-19

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61 Points Posted on 23 December 2020
Respected sir,
In the year 2018-19 mistakenly we taken excess itc 15000, we reversed this itc in 2019-20 gstr 3b . Now in which table we show this reversed itc in gstr 9 for the year 2018-19?
Thanks
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On 23 December 2020 at 20:42 Report
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This discussion addresses how to report an excess Input Tax Credit (ITC) of £15,000 that was mistakenly claimed in 2018-19 and reversed in the 2019-20 GSTR-3B. The advice provided is to report this reversal in Table 12 of Part V of the GSTR 9 for the 2018-19 financial year, as the reversal occurred in a subsequent period.

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Practicing Chartered Accountant
959 Points Posted on 23 December 2020
You cam show it in Point H1 - "Other Reversals" in the Tabel of GST Reversed in GSTR 9.
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On 23 December 2020 at 22:14
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61 Points Posted on 23 December 2020
Thanks
but this credit reversed in the year 19-20 not in same year.
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On 23 December 2020 at 22:25
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Practicing Chartered Accountant
959 Points Posted on 24 December 2020
Then show it in Point 12 of Part V of GSTR 9.
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On 24 December 2020 at 09:13

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