The Government of Kerala issued a notification regarding steps to be taken by those who have received FORM GST DRC – 01 C for Reversal of Ineligible / Blocked Input Tax Credit for 2022-23.
The following has been stated: -
•Since the ineligible/blocked input tax credit for the financial year 2022-23 is not reversed in the respective months, before 30 November 2023, GSTR-3B return for the month of October 2023 should be added along with All Other ITC for the month in Table 4A (5) and such input tax credit reversal through Table 4B (1). 2023 compared to GSTR-2B for October 2023 in Table 4A (5).
•The tax credit reversal done and compared with GSTR-2B for October 2023 DJ 4A (5) - All Other ITC If the input tax is more than 25 lakhs in GSTR-2B then such taxpayers will generate FORM GST DRC - 01C 3 under rule 88D PART - A shall provide a copy of the same to the respective taxpayers available on the Common Portal to the e-mail submitted along with the details of the taxpayers. FORM GST DRC-01C S PART - в should be replied to within 7 days of receiving the above intimation for the above reason
•This instruction is applicable only to those who have added the All Other ITC ineligible/blocked layer credit for the month in Table 4A (5) of FORM GSTR-3B return and have made such input tax credit reversal through Table 4B (1) and have availed FORM GST DRC 01C.
The detailed notification is given in the document attached below.
