GSTR 9 & GSTR 9C FILING

[Mohit Jain]

Dealer has not reversed the ITC in respect of reimbursement from the supplier of damages during the year, which have been accounted for in the books of accounts. Thus a liability to pay GST on the same arises. Please Guide me, where to disclose it in GSTR 9 and 9C. Also, mechanism to pay tax on the same.

[Ganeshan Kalyani]

Payment to be made in Form DRC-03.

AI Summary

GST liability arises where input tax credit on supplier reimbursement is not reversed; pay tax using Form DRC 03. A dealer who did not reverse input tax credit on supplier reimbursements for damages incurs a GST liability; the tax is to be paid by furnishing payment in Form DRC 03.