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Introducing the “In Favour Of” filter in Case Laws.
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<h1>Kerala GST Circular: Accurate Reporting of Ineligible Input Tax Credit and Reversal in GSTR-3B Now Mandatory.</h1> The Kerala State GST Department issued a circular mandating the accurate reporting of ineligible or blocked Input Tax Credit (ITC) and its reversal in the GSTR-3B return. Changes in the filing process require taxpayers to correctly declare ITC, with auto-population from GSTR-2B. Taxpayers must not manually adjust ineligible ITC in Table 4A of GSTR-3B and should report reversals in Table 4B. Non-compliance may result in penalties and interest charges. The circular aims for uniformity in return filing and advises stakeholders to disseminate the information to avoid legal issues.