Wrongly availed ITc in 2018-19 - Now to Reverse in 3B or cash payment

[Narendra Soni]

During reconciliation of 2018-19, now we found that we have availed wrong ITC of some invoices, now please suggest - Can we reverse it in this months 3B or required to pay in cash in 9/9C.

[KASTURI SETHI]

Yes. You can reverse/pay through Electronic Credit Ledger via DRC-03 before filing/uploading GSTR 9C.. Also see all replies against Issue ID 115985.

AI Summary

Wrongly Availed Input Tax Credit can be reversed via electronic credit ledger using DRC-03 before filing GSTR 9C
Wrongly availed Input Tax Credit can be reversed and paid through the Electronic Credit Ledger by submitting form DRC-03, provided this is done before filing or uploading GSTR 9C.