<h1>GST ITC Reversal Reporting Deadline Extended to Jan 31, 2024; New Ledger Introduced for Accurate Tracking.</h1> The deadline for reporting the opening balance for Input Tax Credit (ITC) reversal on the GST portal has been extended to January 31, 2024. This extension aims to assist taxpayers in accurately reporting ITC reversals and reclaims. A new Electronic Credit and Re-claimed Statement ledger has been introduced to help track ITC reversals and reclaims. After declaring the opening balance, taxpayers will have three opportunities to amend any inaccuracies, with the amendment facility available until February 29, 2024.