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ITC wrongly reversed (Output Liability reduction) and reclaimed next year - Goods and Services Tax - GSTExtract Dear Sirs, One of my client's accountant has reversed ITC instead of reduction in Output liability for the credit notes issued for the previous month sale in August 2018. Since for the month of August 2018 (CGST SGST each Rs.142050/-) there was no enough ITC carried forward the reversed amount was reduced in Cash Ledger as it was available at that time. Later realising the mistake he has again reclaimed the same amount in the next financial year i.e, September 2019 (which is also a mistake instead of claiming the refund) through All Other ITC in GSTR-3B for the month of September 2019. Now the department has issued SCN DRC-01 for the difference between GSTR-3B Vs GSTR-2A for the Financial year 2019-20. What to do under this situation? Please opine. thanks
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