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Showing excess itc balance..how to reverse?

ITC / Input 987 views 4 replies

Hello sir,

How can i reverse my ITC balance as it shows me a very big amount of ITC balance in SGST (about 88,22,919) which should be 0.

There is a mistake done by me as I had entered wrong input in Eligible ITC (SGST Tax about 8837074 instead of 88370.74) and also filed my GSTR-3B return for that month.How can I change or reverse my ITC balance to 0.? 

I have also contacted to helpdesk and they had suggested me to enter the amount in Eligible ITC -> ITC Reversed -> and there are two options (a) & (b).If this is the solution, can you suggest me where should I enter my amount to reverse it, (a) or (b).?

Thanks & Regards,

Meet. 

Replies (4)

reversed the same itc in gstr 3b under (B) ITC REVERSED >> (2) OTHERS

Hello sir,

Thanks or the feedback.!

 

did it work ? were you able to reverse it ?

Sir plase proviede Last year 2017-18 me Input tax credit le liya hai but me ex exemt goods suply karta hu us isti me kiya kaur or me tax bhi jama nahi karaya hai kuki me godwan rent ke service bhi ushi me provide karta hu jo gst bana tha mene uska input le kar jama nahi karya hai


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