Question ID :
REVERSAL OF TRANS 1 CREDIT
CAN WE SHOW REVERSAL OF TRANS 1 CREDIT WHICH I HAVE CLAIMED IN F.Y. 2017-18 NOW AT THE TIME OF FILING ANNUAL RETURN TILL DATE I HAVE NOT REVERSED THAT TRANS 1 CREDIT. THANKING YOU
Answer ID :
Dec 02, 2019
You can reverse such credit through DRC-03. A circular dated 03.07.2019 in this regard stated that reversal cannot be done in GSTR-9.
So you need not show reversal in GSTR-9 but when a difference arises in GSTR-9C the same can be explained as reversed through DRC-03.
CA. SHILPI KATARIYA on
Dec 05, 2019