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=65775 Suppliers must report inter State supplies to unregistered persons, composition taxpayers and UIN holders place of supply wise in GSTR 3B Table 3.2 and the corresponding GSTR 1 tables; maintain correct customer state details so portal auto population aligns with invoices. Table 4(A) of GSTR 3B is auto populated from GSTR 2B; permanent reversals and ineligible ITC (e.g., under rule 42/43 and section 17(5)) must be declared in Table 4(B)(1), temporary reversals in Table 4(B)(2), and Net ITC = 4A - [4B(1)+4B(2)] which is credited to the Electronic Credit Ledger; time barred ITC should be reported in 4(D)(2). en-us Tue, 26 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 15:55:00 +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=65775 Suppliers must report inter State supplies to unregistered persons, composition taxpayers and UIN holders place of supply wise in GSTR 3B Table 3.2 and the corresponding GSTR 1 tables; maintain correct customer state details so portal auto population aligns with invoices. Table 4(A) of GSTR 3B is auto populated from GSTR 2B; permanent reversals and ineligible ITC (e.g., under rule 42/43 and section 17(5)) must be declared in Table 4(B)(1), temporary reversals in Table 4(B)(2), and Net ITC = 4A - [4B(1)+4B(2)] which is credited to the Electronic Credit Ledger; time barred ITC should be reported in 4(D)(2). Circulars GST - States Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65775