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


Bhagyashri Dhavale   20 June 2019

Bhagyashri Dhavale

 13 points

| My Other Post

where to show ITC reverse availed but not utilized under gstr3b ???
There is 2 option 1st is rule 42,43& 2nd is other ????

avater

Mayank Gadiya   20 June 2019

Mayank Gadiya

 22 likes  334 points

View Profile | My Other Post

What is the reason for reversal?
If it is due to exempt supply then rule 42 and 43
Or else others.

avater

Bhagyashri Dhavale   20 June 2019

Bhagyashri Dhavale

 13 points

View Profile | My Other Post

actually it was wrongly added in ITC under 3b not in nature of exempt supply

avater

Mayank Gadiya   20 June 2019

Mayank Gadiya

 22 likes  334 points

View Profile | My Other Post

Then you should disclose that amount in others i.e., 4B(2)

avater

Bhagyashri Dhavale   20 June 2019

Bhagyashri Dhavale

 13 points

View Profile | My Other Post

shall I have to pay interest on it??

avater

Mayank Gadiya   20 June 2019

Mayank Gadiya

 22 likes  334 points

View Profile | My Other Post

Yes interest is applicable.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »