: 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=66380 Registered persons must report inter State supplies place of supply wise in GSTR 3B table 3.2 and corresponding GSTR 1 tables, maintaining correct customer state data; GSTR 3B table 4(A) is auto populated from GSTR 2B but reversals and ineligible ITC must be identified and reported so only net eligible ITC (4A minus 4B(1) and 4B(2)) is credited to the electronic credit ledger. Absolute non reclaimable reversals go in 4(B)(1); conditional reversals that may be reclaimed go in 4(B)(2); time limit based ineligible credits are reported in 4(D)(2). en-us Thu, 14 Jul 2022 00:00:00 +0530 Fri, 09 Jun 2023 17:10:00 +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=66380 Registered persons must report inter State supplies place of supply wise in GSTR 3B table 3.2 and corresponding GSTR 1 tables, maintaining correct customer state data; GSTR 3B table 4(A) is auto populated from GSTR 2B but reversals and ineligible ITC must be identified and reported so only net eligible ITC (4A minus 4B(1) and 4B(2)) is credited to the electronic credit ledger. Absolute non reclaimable reversals go in 4(B)(1); conditional reversals that may be reclaimed go in 4(B)(2); time limit based ineligible credits are reported in 4(D)(2). Circulars GST - States Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66380