Wrongly Reverse ITC, Goods and Services Tax - GST

[Uttam Giri]

In GSTR 3B Wrongly Reverse ITC in Table 4(b)(1) in place of 4(b)(2). Now GST department sens a notice. So what is implications for wrongly filling GSTR 3B?

Posts / Replies

[KALLESHAMURTHY MURTHY]

Sir,

If the department insists on reversal due to ineligible ITC availed, you are required to reverse it. But not required to pay interest since ITC is already with the department. You can apply for a refund for entries in the wrong col. subject to other conditions and restrictions.

 As per recent changes, Col. 4(B)(1) is for ITC not liable to reclaim. 

[Shilpi Jain]

Need further details on this. What is the period when this reversal was done.

Why was it to be done as a temporary reversal, goods not recieved or anything else?

What does the dept notice state? 

[Shilpi Jain]

Anyway note that the disclosure requirements are mentioned in a circular and not stipulated in the rules.

[Uttam Giri]

Dear Madam,

Already filled GSTR Annual return also, we are reversed the ITC permanently instead of temporarily reversed table. And same we reclaimed on subsequent months when it is realised in our books of accounts. So, GSTR department says after showing in table 4(b)(1), you can not reclaimed.Now what will be the penalty and the implications?