ITC REVERSAL IN NEXT YEARS GSTR 3B

This discussion addresses how to reverse excess Input Tax Credit (ITC) claimed in a previous GSTR 3B return. The consensus is that excess ITC can indeed be reversed in the subsequent financial year's GSTR 3B, specifically in April. The reversal should be reported under the 'Eligible ITC' section, often in the 'ITC reversed under others' row within Table 4.2d of the GSTR-3B form, by entering positive figures.