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Additional Reversal of Ineligible ITC in Table 7E of GSTR-9

TAPAN RAI

Dear Members,

Please guide whether we can do additional reversal of ineligible ITC thru Table 7E of Form GSTR-9. This ITC was earlier availed in monthly return Form 3B during 2017-18 but was not reversed till date.

Para 3 of the Trade Advisory Dt. 26.08.2019 says:-

Further, no input tax credit can be reversed or availed through the annual return. If taxpayers find themselves liable for reversing any input tax credit, they may do the same through FORM GST DRC-03 separately.

In view of this, what would be the correct way to reverse the ineligible ITC and give proper disclosure in either GSTR-9 or 9C.

Thanks & Regards

CA. Tapan Rai

Reversing Ineligible ITC from 2017-18: Use FORM GST DRC-03 Instead of Annual Return for Adjustments per Notification 74/18-CT. A member inquired about reversing ineligible Input Tax Credit (ITC) in Table 7E of Form GSTR-9, which was initially availed in Form 3B during 2017-18 but not reversed. The Trade Advisory states that ITC cannot be reversed through the annual return, suggesting use of FORM GST DRC-03 instead. Respondents advised showing the reversal in Table 7 of GSTR-9 and addressing the tax difference via DRC-03. It was also suggested to include remarks in GSTR-9C. The discussion referenced Notification no.74/18-CT regarding payment of differential tax amounts. (AI Summary)
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