Question ID :
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 ?
Answer ID :
KAMAL KISHORE VERMA
Jan 01, 2022
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.
Ravitosh Kumar on
Jan 04, 2022