Reversal of ITC claimed wrongly/Duplicate Entry

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..... 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 mistake 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 h .....

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..... ow? - 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 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 reversa .....

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..... l 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 while 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 . - R .....

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..... eply 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 time to present the appropriate answer and solution to my question. It was done accordingly - Reversal of ITC claimed wrongly/Duplicate Entr .....

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..... y - Query Started By: - Rajesh Purohit Dated:- 28-12-2023 Last Replied Date:- 30-1-2024 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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