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.

AI Summary

Dealer Seeks Guidance on Disclosing ITC Reversal for Damages in GSTR 9 and 9C; Use Form DRC-03 for Payment. A query was raised regarding the filing of GSTR 9 and GSTR 9C under the Goods and Services Tax (GST) framework. The issue involved a dealer who did not reverse the Input Tax Credit (ITC) for reimbursements received from a supplier for damages, which were recorded in the books of accounts. This oversight resulted in a GST liability. Guidance was sought on how to disclose this in GSTR 9 and 9C and the mechanism for tax payment. The response advised making the payment using Form DRC-03.