Reversal of ITC

    Posted By : CS Shiriti / Published on : 21-Feb-2020 06:23 AM / View : 32 / Comment : 0
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    The doubt is in regard to Rule 43 ie reversal of ITC with regard to Capital goods. Say in case, ITC of Capital Goods is Rs.1 Cr for 12 months and monthwise details are not available. Can we take directly 20% (12/60) in the case or we should calculate monthly ? And another doubt is, while filing GSTR 3B we have shown entire reversal under Rule 42 including reversal of ITC of Capital Goods. We have not shown it under Rule 43. Now while filing Annual Return how can I rectify it.
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