Question ID :
44469
082701
An assesse has claimed input tax credit on purchase but the transaction is not visible in GSTR 2A. Should it reverse the input credit by reducing current month(march 23) Input or add to output liability. Further whether interest also has to be added though actually this amount not utilised for payment,only balance amount increased of IGST ledgers
Posted by
Mahesh Kumar
on
Apr 18, 2023
Filed Under
GST
Reverse in current month or reverse by filing DRC 03. Either way you can explain when received notice. Do not add to output liability. Interest not required.
Posted by
VINAY BHARGAV KUMAR G on
Apr 19, 2023