TaxTMI 
TaxTMI 
Advisory: Filing of Annexure-B (ITC Refund):
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....dvisory: Filing of Annexure-B (ITC Refund):<br>By: - Nikunj Kishorbhai Tosar<br>Goods and Services Tax - GST<br>Dated:- 2-6-2026<br>Referring to the latest issued advisory, it seems that line items wi....
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....se details to be furnished in Annexure-B of ITC availed in GSTR-3B. If ITC availed in GSTR-3B = ITC to be reported in Annexure-B then, Additional information is required to be furnished, even th....
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....ough the Net ITC amount claimed for refund purpose is excluding the below details: • Capital Goods ITC • Permanent Reversal 4(B)(1) • Temporary Reverse 4(B)(2). ....
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.... Although, Theses information can be furnished accurately if the Refund application is filed on Monthly basis to match with ITC availed in GSTR-3B However, when refund period is quarterly or half....
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.... yearly (other than monthly), then to provide line-item wise details as furnished in respective GSTR-3B is difficult pursuant to effect of circular 170 and reversal and reclaim cycle. Accordingly, ....
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....taxpayers following reversal and reclaim methodology may face reconciliation challenges while preparing Annexure-B for non-monthly refund periods. P.S.: Taxpayers who are not following the reversal....
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....-reclaim mechanism / Circular 170 methodology may comparatively remain in a safer position from reconciliation issues under the present system. =============<br> Scholarly articles for knowledge sh....
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....aring by authors, experts, professionals ....