https://www.taxtmi.com/article/detailed?id=11988 The article explains the Electronic Credit Reversal and Re claimed Statement on the GST portal: taxpayers should disclose opening balances of ITC that appeared in GSTR 2B but were not availed in the corresponding GSTR 3B and which are realistically re claimable. Monthly filers must cumulate reversals up to the July reporting period and quarterly filers up to April-June. The portal uses the disclosure to reconcile future re claims in GSTR 3B table 4D(1) against past reversals and may flag exceptions; disclosure does not replace statutory substantiation and the department may still verify eligibility. en-us Fri, 27 Oct 2023 09:47:17 +0530 Fri, 27 Oct 2023 09:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11988 The article explains the Electronic Credit Reversal and Re claimed Statement on the GST portal: taxpayers should disclose opening balances of ITC that appeared in GSTR 2B but were not availed in the corresponding GSTR 3B and which are realistically re claimable. Monthly filers must cumulate reversals up to the July reporting period and quarterly filers up to April-June. The portal uses the disclosure to reconcile future re claims in GSTR 3B table 4D(1) against past reversals and may flag exceptions; disclosure does not replace statutory substantiation and the department may still verify eligibility. Articles Goods and Services Tax - GST Fri, 27 Oct 2023 09:47:17 +0530 https://www.taxtmi.com/article/detailed?id=11988