I had claimed excess ITC against RCM and in my recent GSTR-3B i reversed it in 4A(3) showing negative value but as per Tax liability & ITC comparison chart downloaded from GST portal, this reversal is not showing any impact in these statements.
Please suggest how do i revert it ?
Thanks in advance !
You have to pay RCM liability in Cash only , meaning thereby only through Electronic Cash ledger , without availing ITC .
Thank you Mr Prasad !!
V.K. Ranjan & Co(Chartered Accountants)
New Delhi
B.Com
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