Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
+ Post a Query
Post a New Query
Title :
0/200 char
Description :
Max 0 char
Category :
Delete Reply

Are you sure you want to delete your reply beginning with '' ?

Delete Issue

Are you sure you want to delete your Issue titled: '' ?

Discussion Forum

Back

All Issues

Advanced Search
Reset Filters
Search By:
Search by Text :
Press 'Enter' to add multiple search terms
Select Date:
FromTo
Category :
OR
Search by Issue ID:
NOTE: If you have inputs in both the fields, then results will be shown for issueId first.
Issue ID : 117480
- 0 -

HOW & WHERE TO REVERSE ITC OF SUPPLIER WHO HAS NOT FILED US

Date 08 Sep 2021
Replies3 Answers
Views 1273 Views
Asked By

One of my supplier has filed GSTR-1 for the month of May, 2021 & i have duly availed ITC against his invoices as they were showing in my GSTR 2A in the month of may. But he has not filed GSTR 3B for month of May, 2021 & hence not paid GST for the month of May, 2021 and is absconding now. Amount equivilant to GST Input is still payable by me. I want to reverse the ITC claimed in month of May, 21 & reverse the same in my August 3B. How & where to reverse in GSTR 3B & under which section.

3 answers
Sort by

Old Query - New Comments are closed.

Hide
- 0
Replied on Sep 8, 2021
1.

The law is not having power to require such reversal. Pls go though he article at this link.

https://www.taxmanagementindia.comhttps://www.taxtmi.com/article/detailed?id=9746

However in case you do not want to dispute with the department you can reverse it in your GSTR-3B as other reversals.

- 0
Replied on Sep 8, 2021
2.

You can reverse in Table no.4 serial no B(2) of GSTR 3B. The supplier is defaulter. Under Section 155 of CGST Act, the burden of proof is cast upon the person who takes credit.

In case you do not intend to face rigours of litigation, you should reverse, especially, in view of Section 155 of CGST Act.

- 0
Replied on Sep 27, 2021
3.

Sir, if the amount of input tax credit is substantial then take the credit and wait for litigation.

Old Query - New Comments are closed.

Hide
Recent Issues