In 2019-20, IGST ITC claimed was 50000 instead of 5000. When discovered, was reversed in subsequent month's GSTR3B in ITC other reversals 45000. How do we disclose it in GSTR9? If shown in Table 7, there is negative difference value in Table 8. Or do we show net ITC figure in Table 6?
ITC reversal GSTR9
Replies (3)
Quick Summary
Show it in reversal table. You will have to pay interest on excess itc depending on utilisation @ 24%
Interest has been already paid at the time of reversal in GSTR3B. Will the difference in Table 8 cause any issues in future?
Thank you.
No problem. Just keep the details and reconciliations
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