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Treatment of wrong ITC claimed in annual return


Tide (Accountant)     20 January 2020

Tide
Accountant 
 3 likes  85 points

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ITC on a restaurant invoice was claimed in September 2017 by mistake. This ITC has not been reversed till date. It has been claimed in the books of accounts too.

How to reverse this in GSTR9. In table 7? How to show payment through DRC-03?

Thank you.

avater

Pankaj Rawat (GST Practitioner)     20 January 2020

Pankaj Rawat
GST Practitioner 
 3499 likes  47377 points

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Reverse in showing Under Table 7(H) & deposit the same in cash ledger & set-off by filing DArC 03

Tide (Accountant)     20 January 2020

Tide
Accountant 
 3 likes  85 points

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Thank you!

The same treatment to be given for excess GST claimed wrongly otherwise too? For eg., GST number was not given to party in July 17. Table 7H for reversal?


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