Question ID :
42202
ITC Reversal
A party take credit of ITC against purchases in March 2021 GSTR3B.But the supplier not filed the returns (GSTR3B & GSTR1) or not paid GST, so ITC not showing in GSTR 2A/2B.
Should ITC be reversed in portal & books and how ?
Posted by
KAMAL KISHORE VERMA
on
Jan 01, 2022
Filed Under
GST
Reversal till March 21 was supposed to be done by Sep 21 GSTR3B returns through reversal in ITC tables, or through DRC-03.
Yes it should be reversed as stated above.
Posted by
Ravitosh Kumar on
Jan 04, 2022