I have wrongly shown the ineligible ITC in GSTR -3B in Column 4 - Eligible ITC in Column B(2) Others [ Reclaimable ITC and inadvertently ITC ] - now that ITC is fully ineligible how can i reverse the ITC in next month GSTR 3B. Kindly do the needful
Libissa (Accountant) (317 Points)
29 March 2023I have wrongly shown the ineligible ITC in GSTR -3B in Column 4 - Eligible ITC in Column B(2) Others [ Reclaimable ITC and inadvertently ITC ] - now that ITC is fully ineligible how can i reverse the ITC in next month GSTR 3B. Kindly do the needful
SANGAMESWARAN.N
(Senior accountant)
(116 Points)
Replied 31 March 2023
In next month 3b show in ITC reversal colom of previous ineligible ITC you took.
CA Mayank A Jain
(Chartered Accountant in Practice)
(1035 Points)
Replied 05 April 2023
Since you have temporarily reversed in table 4(B)(2) in earlier month, You should reverse as follows:
1. Claim in 4(A)(5)
2. Reverse in 4(B)(1)
3. Disclose in 4(D)(1)
CAclubindia
