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Varun (Proprietor)     22 May 2021

ITC REVERSAL IN NEXT YEARS GSTR 3B

Dear Sir,

If excess ITC credit claimed in Mar'21 GSTR 3B Return.

Question  : Can it be reversed in Next Year's Apr'21 GSTR 3B RETURN.

If yes, under which column in GSTR 3B. Please note GSTR 9 is not applicable to us.

Please help. 

 



 7 Replies

Sourav

Sourav (Student)     22 May 2021

Yes ITC can be reversed. In Gstr 3B ITC reversed should be shown under Eligible ITC column table 4
APURBA CHATTERJEE

APURBA CHATTERJEE (QUALIFIED ASSIATANT)     22 May 2021

Yes, you can reverse excess ITC claim 

Sivaramaraju G

Sivaramaraju G (Learner)     22 May 2021

Yes you can reverse the excess claimed ITC till September return period. in tile ELIGIBLE ITC under ITC reversed in others row. just put positive figures.
Sourav

Sourav (Student)     23 May 2021

Agree with the above comments

Varun

Varun (Proprietor)     24 May 2021

Dear All,

 

GREAT THANKS FOR THE QUICK REPLIES !!

1 Like
KAMLESH CHAUHAN

KAMLESH CHAUHAN   25 May 2021

Drc-03 bhi itc reversed
Bhavika Kothari

Bhavika Kothari (CA)     28 May 2021

Yes you can reverse this in next year's april 21. This reversal can be done in Table 4.2d of GSTR-3B


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