Wrongly ITC Taken in GSTR-3B March 2023 how to reverse

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Business
2 Points Posted on 04 June 2023

Access ITC Taken in GSTR-3B March 2023  and ITC table in RED signal . what can i do for reversal  ?

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On 04 June 2023 at 22:52 Report
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Quick Summary
If you've incorrectly claimed Input Tax Credit (ITC) in your GSTR-3B for March 2023, you can reverse it in a subsequent month's return. Be aware that interest may apply if the incorrectly claimed ITC was also utilised.

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Pivate
1492 Points Posted on 05 June 2023
Reverse in subsequent month return with interest.
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On 05 June 2023 at 08:02
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M Com FCS LLB M-AIMA
14046 Points Posted on 05 June 2023

Interest is only applicable if ITC is utilized also

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On 05 June 2023 at 15:04

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