ITC reversal in GSTR 9 for F.Y. 2024-25

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....TC reversal in GSTR 9 for F.Y. 2024-25<br> Query (Issue) Started By: - JIGNESH SITAPARA Dated:- 27-12-2025 Last Reply Date:- 3-1-2026 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>Dear Experts, I wish to reverse ITC which was credit against CONSTRUCTION COMMERCIAL BUILDING. Now, I wish to same ITC reverse in GSTR-9. Please guide me which table mention this ITC ? Reply By Sadanand Bulbule: Th....

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....e Reply: In your case, reversal of blocked ITC falls under Section 17(5)(d) of the CGST Act, 2017. GSTR-9 is only a reporting annual return. So such ITC has to be reversed via GSTR-03 as ineligible ITC. Reply By Ryan Vaz: The Reply: 1) Issue Summary You need to identify the correct table in Form GSTR-9 (Annual Return) to report the reversal of Input Tax Credit (ITC) related to the constructio....

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....n of a commercial building, which is generally a blocked credit, and understand the associated payment mechanism. 2) Applicable Law / Notification / Circular * Section 17(5)(c) & (d) of the CGST Act, 2017: Blocks ITC on works contract services and goods/services used for the construction of immovable property (other than plant and machinery) on ones own account. * Section 50(3) of the CGST Ac....

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....t, 2017: Mandates interest on ITC widely availed and utilized. * Rule 80 of CGST Rules, 2017: Governs the filing of the Annual Return (GSTR-9). * Instructions to Form GSTR-9: specifically regarding Table 7 (Details of ITC Reversed and Ineligible ITC for the financial year). * Form DRC-03: For voluntary payment of tax/ITC reversal not paid through GSTR-3B. 3) Short Practical Answer You shou....

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....ld report this reversal in Table 7E ("ITC reversed... under section 17(5)") of Form GSTR-9. Since you are reversing this credit now (likely after the time limit for amending GSTR-3B has passed), reporting it in GSTR-9 serves as a declaration; however, GSTR-9 does not have a mechanism to debit your electronic credit ledger. Therefore, you must pay the reversal amount equivalent to the ITC plus appl....

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....icable interest using Form DRC-03. Reply By Shilpi Jain: The Reply: If its for past FY reverse through DRC-03 and while the reversal appears as a reconciling item in GSTR-9C - give reason with ref of DRC -03 payment<br> Discussion Forum - Knowledge Sharing ....