ITC reversal when ITC wrongly claimed
Deepika Garg (182 Points)
06 December 2024Deepika Garg (182 Points)
06 December 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5976 Points)
Replied 06 December 2024
2. *Calculate the incorrect ITC amount*: Determine the amount of ITC incorrectly claimed.
3. *Section 42*: Procedure for reversal of ITC.
Mitali
(Finance Professional)
(15846 Points)
Replied 09 December 2024
You may report the reversal in Table 4(B)(2) of GSTR-3B under "ITC Reversed – Others"
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961