RCM AMOUNT AUG 2017 CREDIT UTILZIED IN MAY 2019 GSTR3B RETUN IN 4. ELIGIBLE ITC (A) (5)

[KAPIL JAIN]

Dear Sir,

We have utlizied RCM Amount Aug 2017 in may 2018 GSTR-3B return in 4. ELIGIBLE ITC (A) (5)

Can i modify in GSTR-9 2017-18

[KASTURI SETHI]

If ITC has been taken wrongly, you can pay through DRC 03 and show the same in Annual Return GSTR 9. Thus your mistake will be rectified. You cannot modify GSTR 3B at this stage.

AI Summary

Reversal of wrongly claimed input tax credit: pay via DRC 03 and disclose correction in the annual return to regularise it.
Where a taxpayer incorrectly availed input tax credit arising from reverse charge in a filed GSTR 3B, the GSTR 3B cannot be modified later; the taxpayer must correct the error by paying via Form DRC 03 and disclosing the correction in the Annual Return GSTR 9 to regularise the wrongly taken credit.