Reversal of IGST credit

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NIL
73 Points Posted on 23 May 2021
I want to revese itc in respect of nil rated supply. The amount to be reverses include IGST also. How I can done this other through 3B. What place of supply shall I given if it is through DRC-03.
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On 23 May 2021 at 23:20 Report
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Quick Summary
This discussion addresses how to reverse Input Tax Credit (ITC) for nil-rated supplies, specifically when the reversal amount includes IGST. While GSTR-3B is mentioned as a method, the user seeks alternatives. Clarification is sought on the appropriate 'Place of Supply' when using DRC-03 for this reversal.

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Chartered Accountant
24588 Points Posted on 24 May 2021
Yes you can reverse the ITC in GSTR-3B under table 4
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On 24 May 2021 at 05:44
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1102 Points Posted on 24 May 2021
You have to reverse ITC through Gstr3b
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On 24 May 2021 at 16:37

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