Reporting of Ineligibe ITC wrongly claimed in P.Y.17-18 in GSTR-9

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..... Dear Experts, My firm had wrongly claimed ITC on Factory Building for F.Y.17-18 18-19 by ₹ 150000 ₹ 300000 respectively. Now, Entire ITC reversed in Books of account as on 31.01.19( .....

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..... i.e, in F.Y.18-19) of both the year as soon as we come to know that it is block credit u/s 17(5) and in portal, we made its reversal through DRC-03 from E-Credit Ledger in 01.10.20(i.e, in F.Y.19 .....

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..... -20) since we had sufficient credit balance lying in e-credit ledger account. Now, following question arise. How to report these wrongly claimed credit in GSTR-9 Whether in Table-7H( Other Rev .....

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..... ersal) or at any other place? Please help me with proper guidance about how to report in GSTR-9 / 9C .. - Reply By Alkesh Jani - The Reply = Sir, Yes, you can show the figures at Table 7H. .....

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..... For the period 2017-18 and 2018-19, you have the option to show the consolidated ITC reversed at Table 7H. Thanks - Reply By NISHANT SHAH - The Reply = Sir, any effect on GSTR-9C since if I will .....

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..... do reversal in that 7H, difference in ITC would come and reco of same to re reported in GSTR-9C (unreconciled itc)?? - Reporting of Ineligibe ITC wrongly claimed in P.Y.17-18 in GSTR-9 - Query St .....

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..... arted By: - NISHANT SHAH Dated:- 24-1-2020 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - .....

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..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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