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Question ID : 44469


An assesse has claimed input tax credit on purchase but the transaction is not visible in GSTR 2A. Should it reverse the input credit by reducing current month(march 23) Input or add to output liability. Further whether interest also has to be added though actually this amount not utilised for payment,only balance amount increased of IGST ledgers

Posted by Mahesh Kumar on Apr 18, 2023

Filed Under GST

Answer ID : 83989

Reverse in current month or reverse by filing DRC 03. Either way you can explain when received notice. Do not add to output liability. Interest not required.

Posted by VINAY BHARGAV KUMAR G on Apr 19, 2023