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=65752 Registered persons must report inter-State supplies to unregistered persons, composition taxpayers and UIN holders place-of-supply-wise in Table 3.2 of FORM GSTR-3B and the matching tables in FORM GSTR-1; portal auto-populates Table 3.2 from GSTR-1 but suppliers must ensure correct customer state data. Table 4(A) of GSTR-3B is auto-populated from GSTR-2B; permanent reversals and ineligible ITC must be reported in Table 4(B)(1), temporary/reclaimable reversals in Table 4(B)(2), and Net ITC credited equals 4(A) minus the sum of 4(B)(1) and 4(B)(2). en-us Fri, 22 Jul 2022 00:00:00 +0530 Mon, 25 Jul 2022 15:32:00 +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=65752 Registered persons must report inter-State supplies to unregistered persons, composition taxpayers and UIN holders place-of-supply-wise in Table 3.2 of FORM GSTR-3B and the matching tables in FORM GSTR-1; portal auto-populates Table 3.2 from GSTR-1 but suppliers must ensure correct customer state data. Table 4(A) of GSTR-3B is auto-populated from GSTR-2B; permanent reversals and ineligible ITC must be reported in Table 4(B)(1), temporary/reclaimable reversals in Table 4(B)(2), and Net ITC credited equals 4(A) minus the sum of 4(B)(1) and 4(B)(2). Circulars GST - States Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65752