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Itc reversal not booked till march 2019

ABHIJIT MANNA (ACCOUNTANT) (444 Points)

26 June 2019

We have not done any reversal of ITC while filing GSTR-3B in the past, now how do we go about the same while filing GSTR-9?

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5 Replies

Mitul Thakkar (Partner Ashish Doshi and Associates) (250 Points)
Replied 26 June 2019

Where ITC reversed less than required to be reversed then here is no specific column for reversal of such ITC in the GSTR-9. In the absence of the same, there could be two approach to deal with the same

1. The ITC may be shown net of ineligible ITC. This would result in difference as per GSTR-3B viz a viz final ITC to be taken in GSTR-9 which may have to be explained by the auditor in GSTR-9C.

2. Such excess credit may be reversed by disclosing it in the Table 7H of the GSTR-9.

pritesh (CA Final student) (7101 Points)
Replied 26 June 2019

In ANNUAL return table 7H you have to report

Prathibha (35 Points)
Replied 26 June 2019

how. to show in GSTR 9 the ITC reversed by mistake in 17-18, claimed in 18-19

ABHIJIT MANNA (ACCOUNTANT) (444 Points)
Replied 27 June 2019

Actually it was a reverse charge of GTA service that showed in my 2A but i did not show it in my books or return till now, my books was final in 17-18, I also not paid in cash to get such ITC. So at the time of filling GSTR9 what should I do? Yet I have to disclose such input in 7H or not ?