Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1

Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1 https://www.taxtmi.com/circulars?id=65734 Registered persons must report place-of-supply-wise inter-State supplies to unregistered persons, composition taxpayers and UIN holders in Table 3.2 of FORM GSTR-3B and corresponding GSTR-1 tables; portal auto-populates Table 3.2 from GSTR-1 but suppliers remain responsible for accurate PoS. Table 4(A) of GSTR-3B is auto-populated from FORM GSTR-2B; permanent ineligible credits and mandatory reversals (including section 17(5) and rules 42/43) must be shown in Table 4(B)(1), temporary reversals in Table 4(B)(2) (reclaimable later in 4(A)(5) and shown in 4(D)(1)), and Net ITC in 4(C) equals 4A minus the sum of 4B(1) and 4B(2). en-us Fri, 08 Jul 2022 00:00:00 +0530 Wed, 13 Jul 2022 16:44:00 +0530 TaxTMI RSS Generator Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1 https://www.taxtmi.com/circulars?id=65734 Registered persons must report place-of-supply-wise inter-State supplies to unregistered persons, composition taxpayers and UIN holders in Table 3.2 of FORM GSTR-3B and corresponding GSTR-1 tables; portal auto-populates Table 3.2 from GSTR-1 but suppliers remain responsible for accurate PoS. Table 4(A) of GSTR-3B is auto-populated from FORM GSTR-2B; permanent ineligible credits and mandatory reversals (including section 17(5) and rules 42/43) must be shown in Table 4(B)(1), temporary reversals in Table 4(B)(2) (reclaimable later in 4(A)(5) and shown in 4(D)(1)), and Net ITC in 4(C) equals 4A minus the sum of 4B(1) and 4B(2). Circulars GST - States Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65734