https://www.taxtmi.com/forum/issue?id=119591 Wrongful reporting of input tax credit in the incorrect GSTR 3B column can trigger departmental notices; taxpayers must reverse ineligible ITC, may apply for refund or adjustment for amounts reported or deposited in error, and rely on disclosure guidance in circulars. Assessing authorities should determine substantive liability from records; misclassification as a human error can allow correction, whereas a finding of ineligibility may lead to demands for reversal with interest and penalties, though already deposited amounts may mitigate interest and penalty liability. en-us Tue, 11 Feb 2025 21:29:36 +0530 Thu, 13 Feb 2025 08:48:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119591 Wrongful reporting of input tax credit in the incorrect GSTR 3B column can trigger departmental notices; taxpayers must reverse ineligible ITC, may apply for refund or adjustment for amounts reported or deposited in error, and rely on disclosure guidance in circulars. Assessing authorities should determine substantive liability from records; misclassification as a human error can allow correction, whereas a finding of ineligibility may lead to demands for reversal with interest and penalties, though already deposited amounts may mitigate interest and penalty liability. Discussion-Forum GST Tue, 11 Feb 2025 21:29:36 +0530 https://www.taxtmi.com/forum/issue?id=119591