Question18:
In GSTR-3B, assessee has claimed ITC in November,2017 Rs. 10.50 lacs as against available Rs. 10 lacs. and in Feb-2018 claimed Rs.8.75 lacs as against available Rs 9.00 lacs
Kindly clarify whether the assessee can adjust the excess claim of November of Rs 0.5 lacs against credit available(less claimed) in Feb-18 to the extent of Rs.0.25 lacs and make a reversal of balance Rs.0.25 lacs, while filing GSTR-9 and / or 9C.

Answer:

Reversal other than Rule 42 & 43 should be done through table 4(B)(2) in GSTR-3B. But in GSTR-9 table 6A aggregation of ITC availed during FY 17-18, therefore in your case 0.25 L adjusted in Feb 18 is already netted off in Table 6A of GSTR-9 but you are still liable for interest on ITC reversed to the extent of 0.25L upto Feb 18 and on further 0.25L upto date of reversal.
As ITC cannot be availed through GSTR-9, but additional liability can be paid through DRC-03. So you can reverse the balance 0.25L with interest through DRC-03 in cash in GSTR-9/9C.

(Reply dt.15/05/2019)