Which cell of gstr 3b(table 4) to be filled for ITC reversal of ITC claimed by mistake and also for ITC of goods used for personal use?
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Quick Summary
This discussion clarifies how to correctly reverse Input Tax Credit (ITC) that was claimed in error or for goods used for personal consumption. The advice given is to use the 'ITC reversal others' option within Table 4 of the GSTR 3B return for both scenarios. This ensures accurate reporting and compliance with GST regulations.