Reversal of ITC claimed wrongly/Duplicate Entry

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....eversal of ITC claimed wrongly/Duplicate Entry<br> Query (Issue) Started By: - Rajesh Purohit Dated:- 28-12-2023 Last Reply Date:- 30-1-2024 Goods and Services Tax - GST<br>Got 6 Replies<br>GST<br>While filling GSTR-9 It has noticed that Some ITC availed wrongly (Duplicate Entry of few Invoices) and it has utilized also. Please guide how to reversed it along with interest. ( Here is note that mist....

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....ake noticed by ourselves and want to rectify the same.) what is manner of reversal ? In GSTR 3B reversal will be adjusted with ITC, if after utilization now it has to be reversed in CASH then how? Reply By Padmanathan Kollengode: The Reply: Post the correct ITC figures in Table 6B to 6H. There will be a negative difference in Table 6J to the extent of ITC wrongly availed by you. This amount may....

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.... be paid using Form GST DRC-03. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorse the views of Shri Padmanathan Reply By Ganeshan Kalyani: The Reply: If the reversal is done in GSTR-3B then accordingly need to furnish in GSTR-9 as payable and then paid. Reply By KALLESHAMURTHY MURTHY: The Reply: Dear Sir, You have to discharge undue ITC utilised along with interest through DRC-03 whi....

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....le filing GSTR-9 or you can reverse in the next GSTR-3B or at a later stage but the interest is payable for the delayed period in cash through DRC-03. Reply By Shilpi Jain: The Reply: Suggested to pay through DRC-03 along with proper remarks in the DRC-03 that it is reversal of excess credit availed. Reply By Rajesh Purohit: The Reply: Thank you so much to all of you experts for taking the tim....

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....e to present the appropriate answer and solution to my question. It was done accordingly<br> Discussion Forum - Knowledge Sharing ....