Reverse ITC through DRC-03

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285 Points Posted on 02 February 2023
If an itc has been reversed through DRC - 03 in Feb 22 then in which Table of GSTR 9 of fy 21-22 the reversed itc should be shown

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On 02 February 2023 at 07:57 Report
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This discussion clarifies how to report Input Tax Credit (ITC) reversed through DRC-03 in the GSTR-9 for the financial year 2021-22. If the ITC pertains to FY 2021-22 and was reversed within the same period, it should be declared in Table 7 of your GSTR-9 filing.

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GST Practitioner & Accounts
15140 Points Posted on 02 February 2023
1) what is the reason for reversal?.
2) ITC pertains to which year reverse in 21-22 ?.
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On 02 February 2023 at 10:51
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285 Points Posted on 02 February 2023
1. Others
2. Yes
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On 02 February 2023 at 11:01
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GST Practitioner & Accounts
15140 Points Posted on 02 February 2023
If ITC pertains to 21-22 and reverse in the same year , and if you are filling GSTR9 for the 21-22, then you have to report in table 7 of GSTR9.
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On 02 February 2023 at 11:24
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285 Points Posted on 02 February 2023
Thanks Sir
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On 02 February 2023 at 12:25

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