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where to show reverse itc (availed but not utilized) under gstr3b

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13 Points Joined March 2018
where to show ITC reverse availed but not utilized under gstr3b ???
There is 2 option 1st is rule 42,43& 2nd is other ????
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On 20 June 2019 at 22:35 Report
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Chartered Accountant in Practice
1260 Points Joined June 2019
What is the reason for reversal?
If it is due to exempt supply then rule 42 and 43
Or else others.
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On 20 June 2019 at 22:42
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13 Points Joined March 2018
actually it was wrongly added in ITC under 3b not in nature of exempt supply
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On 20 June 2019 at 22:45
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Chartered Accountant in Practice
1260 Points Joined June 2019
Then you should disclose that amount in others i.e., 4B(2)
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On 20 June 2019 at 22:46
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13 Points Joined March 2018
shall I have to pay interest on it??
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On 20 June 2019 at 22:47
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Chartered Accountant in Practice
1260 Points Joined June 2019
Yes interest is applicable.
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On 20 June 2019 at 22:49

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