https://www.taxtmi.com/forum/issue?id=117182 Dispute centers on where to report reversal of ITC wholly used for exempt supplies in GSTR 3B. Two approaches exist: (i) adjust gross credits to show net eligible credit and report the difference as ineligible, or (ii) record an actual reversal from the electronic credit ledger under "Other Reversals." Commentators stress that entitlement is governed by the Act, that such credits are to be treated as ineligible, and recommend reversing them from the electronic credit ledger while seeking clarity from the tax authority. en-us Thu, 22 Apr 2021 13:30:30 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117182 Dispute centers on where to report reversal of ITC wholly used for exempt supplies in GSTR 3B. Two approaches exist: (i) adjust gross credits to show net eligible credit and report the difference as ineligible, or (ii) record an actual reversal from the electronic credit ledger under "Other Reversals." Commentators stress that entitlement is governed by the Act, that such credits are to be treated as ineligible, and recommend reversing them from the electronic credit ledger while seeking clarity from the tax authority. Discussion-Forum GST Thu, 22 Apr 2021 13:30:30 +0530 https://www.taxtmi.com/forum/issue?id=117182