Regarding ITC show in Electronic Credit Reversal and Re-claimed Statement.

[JIGNESH SITAPARA]

I had reversed some ITC in GSTR-3B table 4(B)(2) in 'others'. Now ITC show in Electronic Credit Reversal and Re-claimed Statement. Now, what to do in this case ?I had reversed some ITC in GSTR-3B table 4(B)(2) in 'others'. Now ITC show in Electronic Credit Reversal and Re-claimed Statement. Now, what to do in this case ?

[Sadanand Bulbule]

Refer the procedure laid down in 37A of the CGST Rules as regards to reversal of input tax credit in the case of non-payment of tax by the supplier and re-availment thereof.

[JIGNESH SITAPARA]

Sir,

This ITC is construction related. Now what to do ?

[Sadanand Bulbule]

You need to first determine what type of construction the ITC relates to. GST law has strict conditions on ITC related to construction under Section 17(5)(c) & (d) of the CGST Act.

[Shilpi Jain]

If its not an eligible credit nothing to do except that you need to reverse it under table 4B1.

If eligible take credit in 4A5 and show it in 4D1 of GSTR-3B

AI Summary

Input tax credit reversal and re availment: follow CGST procedural rule and apply construction credit eligibility rules. ITC reversed in GSTR 3B table 4B(2) and appearing in the electronic credit reversal/re claimed statement must be handled under the reversal and re availment procedure of Rule 37A. Construction related credits require eligibility assessment under Section 17(5); ineligible credits must be reversed in table 4B1, while eligible credits should be claimed in table 4A5 and reported in table 4D1 of GSTR 3B to align electronic statements with return entries.