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.
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ITC REVERSAL IN NEXT YEARS GSTR 3B
Replies (7)
Yes ITC can be reversed. In Gstr 3B ITC reversed should be shown under Eligible ITC column table 4
Yes, you can reverse excess ITC claim
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.
Agree with the above comments
Dear All,
GREAT THANKS FOR THE QUICK REPLIES !!
Drc-03 bhi itc reversed
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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