Detailed Advisory Issued by Infosys on Changes in GSTR-3B

Detailed Advisory issued by @Infosys_GSTN on Changes in GSTR-3B regarding Reporting of ITC availment,reversal and Ineligible ITC.

Point 3 of the same aptly clarifies the required reporting👇
Thanks @Infosys_GSTN for incorporation of changes timely & quick clarification

Comments

Post a Comment

Popular posts from this blog

Important changes in GSTR 3B to hit on portal from 01-09-2022

Important changes in GSTR 3B to hit on portal from 01-09-2022 a) ITC in GSTR 2B for a tax period not claimable due to *receipt of goods in next period* or goods not received at all or because supplier has failed to pay tax:  I. To be claimed first in Table 4A(5) of GSTR 3B II. To be reversed in Table 4B(2) of GSTR 3B III. To be *claimed again* in Table 4A(5) in *tax period in which goods are received* or tax period in which supplier makes payment of tax  IV. To be shown in Table 4D(1) in the tax period in which *ITC is re-claimed*.  b) Reversal of *ITC wrongly availed in previous tax periods* because of inadvertent mistake may be done in 4B(2) c) *Ineligible ITC u/s 17(5)* to be first claimed in 4A(5) and then reversed in 4B(1). Ineligible ITC u/s 17(5) shall no longer be reflected in table 4D as was being done in old format of GSTR 3B d) *ITC ineligible due to place of supply restrictions or because of limitation period of claim of itc u/s 16(4)* is shown in table 4 of...
Read more