https://www.taxtmi.com/forum/issue?id=118046 Excess Input Tax Credit originally claimed in April 2019 was offset in April 2020 by netting the subsequent month's GSTR-3B rather than showing a separate reversal line; the adjustment was disclosed in GSTR-9. Recommended measures are to prepare a reconciliation evidencing the correction, obtain CA certification of the reversal by netting, and rely on administrative guidance permitting on net adjustments while noting the possibility of departmental proceedings and framing the change as a return correction mechanism. en-us Wed, 13 Jul 2022 14:51:45 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118046 Excess Input Tax Credit originally claimed in April 2019 was offset in April 2020 by netting the subsequent month's GSTR-3B rather than showing a separate reversal line; the adjustment was disclosed in GSTR-9. Recommended measures are to prepare a reconciliation evidencing the correction, obtain CA certification of the reversal by netting, and rely on administrative guidance permitting on net adjustments while noting the possibility of departmental proceedings and framing the change as a return correction mechanism. Discussion-Forum GST Wed, 13 Jul 2022 14:51:45 +0530 https://www.taxtmi.com/forum/issue?id=118046