<h1>Government Updates GSTR-3B Table 4: New ITC Reporting Rules Effective January 2023; Review Instructions Now.</h1> The government has introduced changes to Table 4 of Form GSTR-3B via Notification No. 14/2022, effective from January 2023. These changes enable taxpayers to report ITC accurately, including net ITC in Table 4(A) and ITC reversal in Table 4(B). Credit notes will now affect the net ITC in Table 4(A), allowing for negative values if credit notes exceed invoices and debit notes. Taxpayers can also enter negative values in Table 4D(2). Updates have been made to GSTR-2B instructions and the Comparison Report logic. Taxpayers are advised to review the updated instructions before filing.