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of <h1>Central Board Clarifies Reporting for Inter-State Supplies and ITC in FORM GSTR-3B and GSTR-1.</h1> The circular issued by the Central Board of Indirect Taxes and Customs mandates the correct reporting of inter-State supplies and Input Tax Credit (ITC) details in FORM GSTR-3B and FORM GSTR-1. Registered persons must accurately report inter-State supplies to unregistered persons, composition taxable persons, and UIN holders. The circular also clarifies the procedure for reporting ITC availed, reversals, and ineligible ITC to ensure proper credit in the electronic credit ledger. The document emphasizes the importance of correct data entry to facilitate accurate fund settlement between Central and State Governments and provides detailed instructions for compliance.
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