Reversal of ITC claimed wrongly/Duplicate Entry

[Rajesh Purohit]

While filling GSTR-9 It has noticed that Some ITC availed wrongly (Duplicate Entry of few Invoices) and it has utilized also. Please guide how to reversed it along with interest. ( Here is note that mistake noticed by ourselves and want to rectify the same.) what is manner of reversal ? In GSTR 3B reversal will be adjusted with ITC, if after utilization now it has to be reversed in CASH then how?

[Padmanathan KV]

Post the correct ITC figures in Table 6B to 6H. There will be a negative difference in Table 6J to the extent of ITC wrongly availed by you.

This amount may be paid using Form GST DRC-03.

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Padmanathan

[Ganeshan Kalyani]

If the reversal is done in GSTR-3B then accordingly need to furnish in GSTR-9 as payable and then paid.

[KALLESHAMURTHY MURTHY K.N.]

Dear Sir,

You have to discharge undue ITC utilised along with interest through DRC-03 while filing GSTR-9 or you can reverse in the next GSTR-3B or at a later stage but the interest is payable for the delayed period in cash through DRC-03.

[Shilpi Jain]

Suggested to pay through DRC-03 along with proper remarks in the DRC-03 that it is reversal of excess credit availed.

[Rajesh Purohit]

Thank you so much to all of you experts for taking the time to present the appropriate answer and solution to my question.

It was done accordingly

AI Summary

Reversal of Input Tax Credit requires payment via DRC-03 with interest; alternatively reverse in next GSTR-3B and disclose in GSTR-9.
Where duplicate or wrongly availed Input Tax Credit has been utilised, correct ITC figures should be filed so the annual return shows a negative reconciliation balance, and the undue credit paid using DRC-03 with appropriate remarks. Alternatively, reversal may be made in a subsequent periodic return, but interest for the delayed period must be paid in cash through DRC-03.