Introduction of Negative Values in Table 4 of GSTR-3B

Introduction of Negative Values in Table 4 of GSTR-3B https://www.taxtmi.com/news?id=26255 Notification requires net ITC to be reported in Table 4(A) of GSTR-3B with credit notes and their amendments netted and auto-populated into Table 4(A); if credit notes exceed invoices and debit notes the taxpayer may report negative values in Table 4(A), and negative entries are permitted in Table 4D(2). Portal help text in GSTR-2B and Comparison Report calculation logic have been updated; taxpayers should review instructions and the system generated GSTR-3B PDF before filing. en-us Sat, 18 Feb 2023 15:44:32 +0530 Sat, 18 Feb 2023 15:44:32 +0530 TaxTMI RSS Generator Introduction of Negative Values in Table 4 of GSTR-3B https://www.taxtmi.com/news?id=26255 Notification requires net ITC to be reported in Table 4(A) of GSTR-3B with credit notes and their amendments netted and auto-populated into Table 4(A); if credit notes exceed invoices and debit notes the taxpayer may report negative values in Table 4(A), and negative entries are permitted in Table 4D(2). Portal help text in GSTR-2B and Comparison Report calculation logic have been updated; taxpayers should review instructions and the system generated GSTR-3B PDF before filing. News - Sat, 18 Feb 2023 15:44:32 +0530 https://www.taxtmi.com/news?id=26255