Hello,
While filing GSTR3B, I'm unable to fill out 4(B)(2) where we reverse ITC.
that field is turning red and showing warning message about 10% ITC.
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Not able to reverse ITC in GSTR3B - 4(B)(2)
Replies (5)
Why you want to reverse ?.
In last return I claimed ITC for those invoices whose ITC was claimed already. therefore I need to reduce ITC to match with books.
Just reduce the amount of IPT claimed for the month by the amount of excess ITC claimed in the last month.
That's possible but is it right way I'm wondering.
Asking the taxpayers to claim the amount reflected in GSTR-2B only itself is wrong.
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