SGSTDK- Submission of correct return under GST

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....ortionment of Integrated Tax (IGST). 1.2. The fund transfer from Centre (IGST) on account of settlement and apportionment of IGST is based on the returns filed by the tax payers. Incorrect disclosure of Input Tax Credit (ITC) of IGST on account of interstate inward supplies or import supplies of goods or services will result in short settlement of amount of fund transfer to the State. 2. Fund Transfer and apportionment: 2.1. The modalities for settlement or transfer of funds from centre to state or vice a versa on account of cross utilisation of IGST or as the case may be of SGST and apportionment of IGST between centre, states and within states are provided in section 53 of CGST/ SGST Act, section 17 and 18 of IGST Act....

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..... 3. Correct Declaration of ITC in Monthly GSTR 3B: a. The provisions related to the GSTR-2 are suspended for the time being. Therefore, the reversal of ITC under Rule 42 & 43 is to be reported in Table 4 of GSTR-3B. Tax payers are required to determine all his eligible ITC, amount of reversal under Rule 42 or as the case may be, Rule 43 and ineligible ITC and have to report the correct figures in appropriate columns of Table 4. b. The tax payers shall report entire ITC eligible including reversal but excluding ineligible in table 4(A) of GSTR-3B and then report amount of reversal of ITC out of table 4(A) in table 4(B). It is needless to say that amount of reversal under Rule 42 & 43 shall be reported in Table 4 (B) (1)....