Suo-moto cancellation and filed GSTR-10

[CA Adarsh]

GSTR-10 Final return filed in response of suo moto GST cancellation and same final return is filed without reversal of ITC pending in Electronic Credit Ledger

My query can we reverse ITC through DRC-03 for ITC to be reversed for pending ITC in ECL

OR

Apply for revocation of GSTN with the officer and file last GSTR-3B and reverse ITC in return.

OR

File manual return with the officer for ignore the error and reconsider this return

[Shilpi Jain]

Better option would be to pay through DRC-03. And then give an intimation to department.

Procedurally it would get delayed in case you look at revocation and then filling.

[Ganeshan Kalyani]

I agree with the view of the expert.

AI Summary

Reversal of Input Tax Credit: pay and reverse via DRC-03 with departmental intimation to resolve un-reversed credits. Final GSTR-10 was filed after suo moto cancellation without reversing Input Tax Credit remaining in the Electronic Credit Ledger. Practitioners proposed reversing ITC via DRC-03, applying for revocation and then reversing in the last GSTR-3B, or filing a manual return with the officer. The advised and agreed pathway is to pay and reverse the pending credit through DRC-03 and then intimate the department, since revocation is likely to delay remedial action.