https://www.taxtmi.com/forum/issue?id=117821 When excess Input Tax Credit was availed in GSTR-3B and reversed within the same year, Table 6 of the annual return may show gross availed ITC while the reversal is captured in Table 7, producing a reconciling variance in Table 8 versus Form 2A. Two options exist: report gross ITC in Table 6 and the reversal in Table 7 (yielding a Table 8 difference but accurate disclosure), or report net ITC in Table 6 to avoid the variance. The advised practice is to report gross availed credit and the reversal separately to maintain transparent disclosure. en-us Wed, 23 Feb 2022 18:56:51 +0530 Thu, 23 Jan 2025 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117821 When excess Input Tax Credit was availed in GSTR-3B and reversed within the same year, Table 6 of the annual return may show gross availed ITC while the reversal is captured in Table 7, producing a reconciling variance in Table 8 versus Form 2A. Two options exist: report gross ITC in Table 6 and the reversal in Table 7 (yielding a Table 8 difference but accurate disclosure), or report net ITC in Table 6 to avoid the variance. The advised practice is to report gross availed credit and the reversal separately to maintain transparent disclosure. Discussion-Forum GST Wed, 23 Feb 2022 18:56:51 +0530 https://www.taxtmi.com/forum/issue?id=117821