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vikas anand   17 September 2021

Negative Net ITC under 4 (c) of Eligible ITC in GSTR 3B filed.

Sir,

Our organisation has   filed GSTR 3B for the month of November 2021 in which amount of  ITC reversed (Rs.29,034)  is more than the ITC availed (6240) resulted in negative net ITC of Rs. 22399 each  (Sl No 4 - Eligible ITC) under Central Tax and State Tax. On that date we had sufficient balance of ITC in  our credit but only ITC available for the month of June 21 only was  taken for adjusting the ITC to be reversed. Hence the balance of Rs.22399 each remained unadjusted as on today. So I have the following question which may please be answered :-

1. As the ITC of  Rs.29034 reversed has alrleady  been taken in GSTR 3B filed for the month of June 21,  is it correct to again reverse the balance of Rs.22399 in the future returns.

2. Otherwise how it is to be rectified.

Thanking you,

With regards,

Vikas Anand



 2 Replies

vikas anand

vikas anand   17 September 2021

In first line June  2021 instead of November 2021....

 

99rajendra

99rajendra   17 September 2021

Is the adjustment of ITC has happened against the negative balance of Sl.No.4, in Sl.No.6 in June 21.? If , yes not required to show.

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