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ITC reverse in Eligible ITC point-4
I have taken itc of purchase twice in April, 2018 and the extra itc reverse in July, 2018 through GSTR-3B (eligible ITC point-4 as ITC REVERSE- OTHERS) without payment of any GST. is it correct or not. If I was wrong please tell me the correct procedure to rectify the same.
Replies (2)
If there was tax liability then intt. has to be deposited, but if no tax liability then its Ok
After filing GSTR-3B for the month of July, 2018 ITC of Rs. 700000 are available in credit ledger.
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