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Question ID : 42202

ITC Reversal

A party take credit of ITC against purchases in March 2021 GSTR3B.But the supplier not filed the returns (GSTR3B & GSTR1) or not paid GST, so ITC not showing in GSTR 2A/2B. Should ITC be reversed in portal & books and how ?

Posted by KAMAL KISHORE VERMA on Jan 01, 2022

Filed Under GST

Answer ID : 81397

Reversal till March 21 was supposed to be done by Sep 21 GSTR3B returns through reversal in ITC tables, or through DRC-03. Yes it should be reversed as stated above.

Posted by Ravitosh Kumar on Jan 04, 2022