Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

HOW & WHERE TO REVERSE ITC OF SUPPLIER WHO HAS NOT FILED US, Goods and Services Tax - GST

Issue Id: - 117480
Dated: 8-9-2021
By:- SANJEEV AGGARWAL
HOW & WHERE TO REVERSE ITC OF SUPPLIER WHO HAS NOT FILED US

  • Contents

One of my supplier has filed GSTR-1 for the month of May, 2021 & i have duly availed ITC against his invoices as they were showing in my GSTR 2A in the month of may. But he has not filed GSTR 3B for month of May, 2021 & hence not paid GST for the month of May, 2021 and is absconding now. Amount equivilant to GST Input is still payable by me. I want to reverse the ITC claimed in month of May, 21 & reverse the same in my August 3B. How & where to reverse in GSTR 3B & under which section.

Post Reply

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 8-9-2021
By:- Shilpi Jain

The law is not having power to require such reversal. Pls go though he article at this link.

https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=9746

However in case you do not want to dispute with the department you can reverse it in your GSTR-3B as other reversals.


2 Dated: 8-9-2021
By:- KASTURI SETHI

You can reverse in Table no.4 serial no B(2) of GSTR 3B. The supplier is defaulter. Under Section 155 of CGST Act, the burden of proof is cast upon the person who takes credit.

In case you do not intend to face rigours of litigation, you should reverse, especially, in view of Section 155 of CGST Act.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||