over itc claimed

sir last financial year 2017_18 we purchased but bill present b2c we claim itc what do and where do in gstr 3b in sep
Replies (12)
Show in Reversal of ITC in Sept 2018 GSTR 3B
sir don't problem!
you can reverse the ineligible ITC in next month 3B under table 4 (B) (2) ITC reversed others.
sir we received b2 c bills we claim itc we are regular in gst how to set off in gstr3b in sep
B2C Purchases are ineligible for ITC. Need to reverse to that extent. Thats it.
you can't claim B2C bills in 3B. check in gstr2A whether those bill is reflected. if not reflected then you reverse the ITC as told in my earlier reply.
reverse after what can i do
Also prepare reconcile while filing annual return.

Example scenario

I've claimed ITC for some 10k in FY 17-18 which includes excess of 3k. But im yet to take ITC for another 7k of which 2k ineligible

Still ive to take 2k ITC

How should be shown in 3B. 

Should i put 2k in ITC and 2k in reverse???

 

Ineligible ITC need not be shown in the return. If you have already taken any ineligibe ITC then just reverse in Sept 2018 return.

 

Originally posted by : Rakesh Joshi
Ineligible ITC need not be shown in the return. If you have already taken any ineligibe ITC then just reverse in Sept 2018 return.

 

So If i have to take ITC of 11k and have to reverse around 8k, should i show as ITC claim 3k and reverse as 8k or claim as 11k and reverse 8k

Show actual ITC to be taken for the month in All other ITC row.

Show reveral of ITC seperately ( which was eralier taken as ITC but is ineligible ) in ITC reversal row.

In my opinion do not setoff as more disclosure is never less.

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