if any itc is not reversed in gstr3b within the year and even after the yr end but before September return then such itc can be reversed in annual return or not. urgent plz reply
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Quick Summary
This discussion addresses whether Input Tax Credit (ITC) not reversed in GSTR-3B within the financial year, or even after its end but before the September return, can be reversed in the annual return (GSTR-9). The consensus is that such ITC can be reported in GSTR-9 under the 'ITC available but ineligible' column. Payment for this reversed ITC will be debited from available credit ledger balances, or if insufficient, from the cash ledger.
For that no need to payment because if available balance in credit ledgers then the amount will be debited from your credit ledger if no amount in credit ledger then done by cash ledger
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