ITC reversal when ITC wrongly claimed
Deepika Garg (183 Points)
06 December 2024Deepika Garg (183 Points)
06 December 2024
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8722 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)
(18471 Points)
Replied 09 December 2024
You may report the reversal in Table 4(B)(2) of GSTR-3B under "ITC Reversed – Others"
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