Itc wrongly taken input from ISD

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17 Points Posted on 22 February 2021
we have ITC of 150000 is taken input from ISD in gstr 3b filing returns.how it will be rectified in gstr9
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On 22 February 2021 at 20:53 Report
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Quick Summary
This discussion addresses the issue of incorrectly claiming Input Tax Credit (ITC) from ISD in GSTR-3B. The advice provided is to rectify this error in the GSTR-9 annual return by showing it correctly as ITC from registered suppliers, even if the credit has lapsed. The focus is on ensuring accurate reporting in the annual filing.

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Chartered Accountant
86505 Points Posted on 22 February 2021
Show it as ITC in input from registered suppliers.
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On 22 February 2021 at 21:00
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Chartered Accountant
24588 Points Posted on 22 February 2021
Agree with Rashmi ma'am
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On 22 February 2021 at 21:02
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17 Points Posted on 22 February 2021
But the ITC was already lapsed.
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On 22 February 2021 at 21:03
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Chartered Accountant
86505 Points Posted on 22 February 2021
ITC was already taken, so you have to show it correctly on GSTR-9.
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On 22 February 2021 at 21:10
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17 Points Posted on 22 February 2021
Thanku
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On 22 February 2021 at 21:15
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Chartered Accountant
86505 Points Posted on 22 February 2021
Welcome...... My Pleasure......
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On 22 February 2021 at 21:22

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