Analysis of New Disclosures in GSTR-3B

 

The 47th meeting of the GST council was held on 28th, and 29th  June 2022. The GST council advised clarifying the furnishing of correct and relevant information on supplies of inter-state and the amount of blocked input tax credit as well as inverted thereof in form GSTR-3B. 

 

The new modifications to the rules were furnished in Form-3B vide notification no 14/022-CT dated July 5th, 2022 with a clarification on the modified disclosures in circular no. 170/02/2022-GST dated 6th July 2022.

 

The modified changes are now incorporated by GSTN from august of 2022 in GSTR-3.

 

The taxpayers are now required to report their input tax credit (ITC) availment, inverted input tax credit (ITC), and ineligible/blocked input tax credit (ITC) carefully according to the new format of table 4 mentioned in the GSTR-3B in the GST portal.

 

A brief revised input tax credit (input tax credit (input tax credit (input tax credit (ITC) table 4 of GSTR 3B 



Table No

As per amended in GSTR3B 

As per old GSTR-3B

 

4A. Input Tax Credit (ITC) available (either in part or full)

 

4A(1)

Import of Goods 

Import of goods 

4A(2)

Import of services 

Import of services 

4A(3)

Inward supplies liable for invert charge (other than 1 and 2 above)

Inward supplies liable for invert charge (other than 1 and 2 above)

4A(4)

Inward supplies from ISD

Inward supplies from ISD

4A(5)

All other input tax credit (ITC)

All other input tax credit (ITC)

 

4B. input tax credit (input tax credit (input tax credit (input tax credit (ITC) reserved 

 

4B(1)

According to regulations 42 and 43 of CGST Rules

According to the regulations 38, 42, and 43 of CGST regulations and sub-section (5) of section 17

4B(2)

Others

Others

 

4D. Other details

 

4D(1)

Ineligible input tax credit (ITC): As per section 17(5)

Additional information: input tax credit (ITC) reclaimed which was inverted as per table 4(B)(2) in earlier tax duration

4D(2)

Ineligible input tax credit (ITC): Others

Additional information- Ineligible input tax credit (ITC) under section 16(4) and (ITC) limited due to PoS conditions



Disclosures in GSTR-3B for the transactions of August 2022 and following 

 

1

input tax credit (ITC) on inward supplies (invoice)

August-2022

August-22

Claim in GSTR-3B table A(5) 

Not applicable 

2

input tax credit (ITC) on inward supplies (invoice)

August-2022

September-22 or following time 

No action and keep records of the same for the upcoming month

Claim in GSTR-3B table 4A(5)

3

input tax credit (ITC) on inward supplies (invoice)

August-2022

Not available

You can not avail input tax credit (ITC) for the time till same is available in the GSTR-2 and keep the records of the same for the upcoming month

You can not avail input tax credit (ITC) for the time till same is available in the GSTR-2.

The invoice-discerning details require to be kept a record of as “books only-eligible input tax credit (ITC)” in books

4

input tax credit (ITC) on inward supplies (invoice)

Sep-2022

August-22

1. Claim in GSTR-3B table 4A(5)

2. Reverse in GSTR-4B(2)-momentary inverted

Claim in GSTR-3B table 4A(5)


2. Disclose in table 4D(1).

5

inverted of input tax credit (ITC) n inward supplies (credit notes)

Not available 

August-22

1. Claim in GSTR-3B table 4A(5)

2. Reverse in GSTR-4B(2)-momentary inverted

After the annual reconciliation also if the input tax credit (ITC) is not pertaining to the taxpayers then the following shall be disclosure-  Claim in GSTR-3B table 4A(5)

2. Reverse amount in table 4B(1)- permanent inverted.

3. Disclose in table 4D(1). If recorded in books in the later period, same as case 4



6

inverted of input tax credit (input tax credit (ITC) n inward supplies (credit notes)

August-2022

August-22

CN would auto-populate in $B(2) however, it is not considered an inverted under rule 38,42,43 or section 17(5) and neither a momentary inverted. 

Not applicable

7

inverted of input tax credit (ITC) n inward supplies (credit notes)

August-22

September-22 or the following time 

Reverse in table 4A(5)-net off from all other input tax credit (ITC)

Amount which would be auto-populated in the table 4B(2) is needed to be removed as the input tax credit (ITC) s already inverted in august-22

8

inverted of input tax credit (ITC) n inward supplies (credit notes)

Sep-2022 or following period 

August-22

Amount which would be auto-populated in GSTR-3B – table 4A(5) or table 4B(2) is required to be removed. Suggested to keep a track of the same and looking out for the vendor clarifications of the identical

CN would auto-populate in 4B(2). however, It is not inverted under rules 38,42,43 or section 17(5), and neither a momentary inverted. Consider as gross off in table 4A(5).

9

inverted of input tax credit (ITC) on inward supplies (credit notes)

August-22

Not available 

CN would auto-populate in 4B(2). however, It is not an inverted under rules 38,42,43 or section 17(5), and neither is a momentary inverted. Consider as gross off in the table 4A(5).

.

Not applicable 

10

inverted of input tax credit (ITC) n inward supplies (credit notes)

Not available

August-22 or following time

Amount which would be auto-populated in GSTR-3B table 4B(2) is required to be removed. It is advised to maintain the record's track of the same and look out for the vendor clarifications of the identical

Not applicable

11

Invoice is dated August 2022 and stock not obtained in August 2022 but received in September 2022 for a later period. Accounted for in August-22 itself.

August-22

August-22

1. Claim in GSTR-3B Table 4A(5) 


2. Reverse in 4B(2) – momentary inverted

1. Claim the amount in Table 4A(5) 


2. Disclose in Table 4D(1). Regardless proclamations shall be in September-2022 or in afterward based on the month in which stock is obtained.

12

inverted of input tax credit (ITC) due to payment not made within 180 days and reclaim in 

inverted accounting in August-22

Any month

Reverse amount in Table 4B(2) – momentary inverted

To reclaim input tax credit (ITC) in 3B upon payment to the vendor – 1. Claim the amount in Table 4A(5)2. Disclose in Table 4D(1)

13

inverted of input tax credit (ITC) due payment not made within 180 days and reavail in an afterward period u/s 37

inverted accounting in August-22

Not available 

Reverse amount in Table 4B(2) – momentary inverted

Where input tax credit (ITC) was otherwise eligible (covered in a buffer of 105% of (ITC) claim) – 1. Claim the amount in Table 4A(5)2. Disclose in Table 4D(1)Where input tax credit (ITC) was otherwise not eligible (may not be covered in the buffer of 105% claim), input tax credit (ITC) may not be claimed again.

14

inverted of ineligible input tax (input tax credit (ITC) under rule 42/43 and mechanism to reavail incorrect  inverted if there any 

August-22

August-22

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted (Reverse proportionate amount)

This method is only for rectification of excess inverted input tax credit (ITC) and track of the same needs to be maintained 1. Claim proportionate amount in Table 4A(5) 


2. Disclose in Table 4D(1)

15

inverted of ineligible input tax (ITC) under rule 42/43 and mechanism to reavail incorrect  inverted if there any 

September-22

August–22

1. Declare the full amount in Form GSTR-3B Table 4A(5) 


2. Reverse in 4B(2) – momentary inverted (Reverse entire amount )

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted (Reverse proportionate amount) 3. Disclose in Table 4D(1)

16

inverted of ineligible input tax credit (ITC) under rule 42/43 and mechanism to reavail incorrect  inverted if there any 

August-22

Not available 

input tax credit (ITC) of the proportionate amount is not available till the time the same is obtainable in GSTR-2B.

Input tax credit (ITC)) can not be declared till the time is the same as available in GSTR-2B. The invoice-wise information is required to be maintained as  “books only- eligible input tax credit” in books.

17

inverted of ineligible input tax credit (ITC) under rule 42/43 and mechanism to reavail incorrect  inverted if there any 

August-22

September-22 or following time 

No activity and maintain track of the same for the following months.

1. Claim the full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted (Reverse proportionate amount)

18

inverted of ineligible input tax credit (ITC) under section 17(5) and mechanism to reavail incorrect  inverted if there any 

August-22

August-22

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted full amount

Not applicable 

19

inverted of ineligible input tax credit (ITC) under section 17(5) and mechanism to reavail incorrect  inverted if there any 

September 22

August-22

1. Declare the full amount in Form GSTR-3B Table 4A(5). 


2. Reverse in 4B(2) – momentary inverted (Reverse entire amount)

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted full amount 3. Disclose in Table 4D(1)

20

inverted of ineligible input tax credit (ITC) under section 17(5) and mechanism to reavail incorrect  inverted if there any 

August-22

Not available 

keep the records of the same for the following month's

input tax credit (ITC) cannot be availed/inverted till the time the same is available in GSTR-2B. The invoice-wise information is required to be kept a record as “books only- ineligible input tax credit (ITC)” in books.

21

inverted of ineligible input tax credit (ITC) under section 17(5) and mechanism to reavail incorrect  inverted if there any 

August-22

September-22 or the following time 

Maintain the records of the same for the following months

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – permanent inverted full amount

22

input tax credit (ITC) on import of services

August-22

Neither applicable nor available

Claim full amount in Table 4A(2)

Not applicable 

23

input tax credit (ITC) on import of goods

August-22

August-22

Claim full amount in Table 4A(1)

Not applicable 

24

input tax credit (ITC) on import of goods

August-22

Not available 

Claim full amount in Table 4A(1). It is advised to keep the records of the same.

Not applicable

25

input tax credit (ITC) on import of goods

Not available 

August-22

Remove this amount from 4A(1)

Claim in GSTR-3B Table 4A(1)

26

input tax credit (ITC) on domestic RCM supplies

August-22

August-22

Claim in GSTR-3B Table 4A(3)

Not applicable 

27

input tax credit (ITC) on domestic RCM supplies

August-22

Not available 

Claim in GSTR-3B Table 4A(3)

Not applicable

28

input tax credit (ITC) on domestic RCM supplies

August-2022

August-22

Claim in GSTR-3B Table 4A(3)

Remove the declared charge which shall be auto-populated in the table 4A(3) and keep the records of the same.

29

input tax credit (ITC) on domestic RCM supplies

Not available 

August-22

No action in GSTR 3B. For confirmation review the receipt of the invoice and assess the same for booking and entry for reverse charge in accounts books 

Claim in GSTR-3B Table 4A(3). For the receipt of an invoice from a vendor, shall be paid and input tax credit (ITC) shall be claimed in GSTR-3B. If the declared invoice is not adequate or not related to the registered vendor then, an intimation is sent to the vendor for the correction of the transaction on the portal.

30

input tax credit (ITC) on inward suppliers having a place of supply of another state than the other state of the registered person but is actually eligible for input tax credit (ITC). 

August-22

August-22

Auto populating in 4D(2) – Other Points i. e. Ineligible input tax credit (ITC) is limited due to PoS conditions

Not applicable 

31

input tax credit (ITC) on inward supplies having a place of supply of another state than the other state of the registered person but is actually eligible for input tax credit (ITC). 

August-2022

August-22

1. Remove the declared amount from auto-populating in 4D(2). And seek rectification of the same and keep a track of the same from the vendor

Claim in GSTR-3B Table 4A(5). For the rectification of the same by the vendor, consider availing in GSTR-3B in the month of revision by the vendor

32

input tax credit (ITC) on inward supplies having a place of supply of another state than the other state of the registered person but is actually eligible input tax credit (ITC). 

August-22

August-22

1. Claim in GSTR-3B Table 4A(5) 


2. Reverse in 4B(2) – momentary inverted (ITC) shall be CGST/SGST)

1. Claim in GSTR-3B Table 4A(5) 


2. Disclose in Table 4D(1). (Run rectification of accounts books to SGST/CGST avail input tax credit (ITC) in GSTR 3B during the rectification month)

33

input tax credit (ITC) on inward supplies having an incorrect type of tax in comparison os accounts books. (IGST/SGST on the portal)- the vendor has incorrectly presented the amount and amends it in the afterward period 

August-22

August-22

1. Claim in GSTR-3B Table 4A(5) 


2. Reverse in 4B(2) – momentary inverted input tax credit (ITC) shall be CGST/SGST)

For IGST (amended tax) 1. Proclaim SGST/CGST in GSTR-3B table 4A (5) (Rectification by a vendor on the portal of IGST, therefore the exact is now compared to Books and input tax credit (ITC) can be claimed in form GSTR-3B in rectification month) for CGST / SGST.

1. amount in 4A(5) would be decreased due to invoice revision by vendor

2. Increase amount in 4A(5) to that extent

3. Unveil in Table 4D(1)* *disclosure in 4D(1) may not be in accordance with the circular. regardless, disclosure can be created for the intent of matching auto population with 4A(5) claim and 4D(1) disclosure

34

Ineligible input tax credit (ITC) due to expiry of a time period for ex- limitation under section 16(6). Invoice dated F.Y. 20-21 and earlier to the same

August-22

August-22

Auto-populating in 4D(2) – Other information. for ex- Ineligible input tax credit (ITC) restricted u/s 16(4). input tax credit (ITC) Entry can be expensed out in accounts books.

Not applicable

35

Ineligible input tax credit (ITC) due to expiry of time period for ex- limitation under section 16(6). Invoice dated F.Y. 20-21 and earlier to the same

August-22

Not available

input tax credit (ITC) cannot be inverted as an enduring inverted till the time the same is obtainable in GSTR-2B. 

The invoice-wise information is instructed for keeping a track of as “books only- ineligible input tax credit (ITC)” in books.

input tax credit (ITC) can not be inverted as a permanent inverted till the time the exact is available in GSTR-2B. 

The invoice-wise parts are instructed to be kept a record as “books only- ineligible input tax credit (ITC)” in books.



The last date to avail of the input tax credit on an invoice is up to the due date of filing of the form GSTR-3B for the month of September of next financial year or filing date of annual return, whichever is earlier, as per section 16(4) of the CGST Act. Input tax credit on such invoices could be availed in table 4 of GSTR-3B expressed below mentioned table.



Type of transactions

Recorded in Books of A/Cs

Available in GSTR 2B

ITC availed in GSTR-3B of

Treatment in GSTR-3B of August 2022 or succeeding periods

ITC on inward supplies (invoice)

Earlier periods  

Earlier periods 

Earlier periods  

Not applicable 

ITC on inward supplies (invoice)

Earlier periods  

Earlier periods  

Not yet availed in GSTR-3B

1. Claim ITC in GSTR-3B Table 4A(5) 2. Disclose in Table 4(D)(1). Input tax credit availed in august 2022/ any month later being entry-wise reconciliation is done for invoices of FY 21-22, can be claimed latest by Sep22 return

ITC on inward supplies (invoice)

Earlier periods  

Aug-22

Not yet availed in GSTR-3B

Auto-populate in form GSTR-3B Table 4A(5) and claim an input tax credit in August  GSTR-3B

ITC on inward supplies (invoice)

Earlier periods  

Not in GSTR-2B

Not yet availed in GSTR-3B

Not applicable as input tax credit can not be benefited till the identical is available in form GSTR-2B

ITC on inward supplies (invoice)

Aug-22

Earlier periods  

Not yet availed in GSTR-3B

1. Claim ITC in GSTR-3B Table 4A(5) 

2. May disclose in the table 4D(1)* *revelation in 4D(1) may not be in agreement with circular. Regardless, disclosure may be created for the definition of matching auto population with 4A(5) claim and 4D(1) disclosure

ITC on inward supplies (invoice)

Aug-22

Earlier periods  

Earlier periods  

Not applicable 

ITC on inward supplies (invoice)

FY 21-22 (April 2021 to Dec 2021)

Aug 2022 or subsequent period

Earlier periods  (ITC availed within the ad-hoc limit of 5% rule 36(4)

1. Claim full amount in Table 4A(5) 


2. Reverse in 4B(1) – enduring reversal full amount (This needs to be done as the input tax credit is already availed in an earlier period)

ITC on inward supplies (invoice)

FY 21-22 (April 2021 to Dec 2021)

Not in GSTR-2B

Earlier periods  (ITC availed within the ad-hoc limit of 5% rule 36(4)

Not applicable 

ITC on inward supplies (invoice)

Jan 2022 till July 2022

Aug 2022 or subsequent period

Not yet availed in GSTR-3B

1. Claim full amount in Table 4A(5)

ITC on inward supplies (invoice)

Jan 2022 till July 2022

Not in GSTR-2B

Not yet availed in GSTR-3B

Income tax credit can not be benefited till the same is available in GSTR-2B. The invoice-wise details need to be kept a track of as “books only- ineligible ITC” in books/ workings

ITC on inward supplies (invoice)

Jan 2022 till March 2022

Not in GSTR-2B

Not yet availed in GSTR-3B

Input tax credit can not be availed till the time the same is obtainable in GSTR-2B. But the time limit for availing is Sept 2022 and if the invoice is not available in GSTR 2B till Sept 2022, then expense out in books of accounts also

Reversal of the input tax credit on inward supplies (credit notes)

Earlier periods 

Earlier periods 

Earlier periods 

Not applicable 

Reversal of the input tax credit on inward supplies (credit notes)

Earlier periods 

Prior-periods

ITC not yet reversed in GSTR-3B

Reverse in the table 4A(5) – net off from all additional input tax credit

Reversal of the input tax credit on inward supplies (credit notes)

Earlier periods 

August -22

ITC not yet reversed in GSTR-3B

CN would auto-populate in 4B(2). Regardless, it is not a reversal under rules 38,42,43, or section 17(5), and neither is a momentary reversal. Ideally to regard as net off in table 4A(5). Terminate amount auto-populating in Table 4B(2)

Reversal of the input tax credit on inward supplies (credit notes)

Earlier periods 

August -22

Earlier periods 

Lower from payment auto-populated as a reversal in the table 4B(2) – momentary reversal, since already inverted in earlier period GSTR-3B returns.

Reversal of the input tax credit on inward supplies (credit notes)

August -22

Earlier periods 

ITC not yet reversed in GSTR-3B

Reverse in the table 4A(5) – net off from all other input tax credit

Reversal of the input tax credit on inward supplies (credit notes)

August -22

Earlier periods 

Earlier periods 

Not applicable 

Stock received in Aug-22 for invoice dated in previous months

August-22

Earlier periods 

Not yet availed in GSTR-3B

1. Claim ITC in GSTR-3B Table 4A(5) 

2. May disclose in Table 4D(1)* *disclosure in 4D(1) may not be in agreement with the circular. however, disclosure may be created for the intention of matching auto population with 4A(5) claim and 4D(1) disclosure

Reclaim of ITC after payment, which was earlier reversed due to non-payment to the vendor within 180 days, rule 37

Earlier periods  

Earlier periods  

Input tax credit was prior reversed due to non-payment within 180 days

1.Claim ITC in Table 4A(5) 2.Disclose in Table 4D(1)



While reconciling the accounts books with invoices emerging in GSTR-2B, you may see some distinctions in the amount of input tax credit declared by the supplier against an invoice. The manner of claiming input tax credit on these types of invoices in GSTR-3B of August 2022 and the following months is briefly mentioned below in the table manner.

 

Table 3: Disclosures for amount differences

 

The difference of amount in GSTR-2B and books

Revoreded in Books of accounts 

Present in GSTR-2B

Treatment in GSTR 3B of Aug 2022 (Availment or reversal)

GSTR 3B of Subsequent period (Availment or reversal)

books of account > 2B Where the vendor has disclosed incorrect amount

Aug-22 Rs. 90,000

Aug-22 Rs. 75,000

Alternative1: Not to avail as the amount is mismatched and follow-up with the vendor for providing appropriate invoice or modification in Form GSTR-2B. Therefore, in GSTR-3B of Aug 2022: 


a. Claim in GSTR-3B Table 4A(5)- Rs.75,000 

b. Reverse in 4B(2)–provisionall reversal, Rs.75,000 Option 2: input tax credit to be benefited to the extent the amount is matched to GSTR 2B. Therefore, GSTR 3B of Aug 2022: Table 4A(5): Rs.75,000

Corresponding to Option 1: Time in which books and portal are matched (vendor rectification in the portal to Rs.90,000). Therefore in GSTR-3B: a. Assertion in GSTR-3B in the table 4A(5), Rs.90,000 (Rs 15,000 would be auto-populated) b. Disclose in Table 4D(1). Rs.75 Corresponding to Option 2: ITC to be availed to the extent the amount is matched to GSTR 2B. Therefore GSTR 3B : Table 4A(5): Rs.15,000(Auto-populated)

books of account > 2B Where vendor has disclosed incorrect amount

Aug-22 Rs. 90,000

Sept-22 Rs. 75,000

As amount populated in GSTR-2B in Aug-22 as no action

Follow treatment as mentioned in SI no. 1 above

books of account > 2B Where accounting in books is improper

Aug-22 Rs. 90,000

Aug-22 Rs. 75,000

Option 1: unavailable as the amount got mismatched and follow-up with the vendor for delivering the proper invoice or modification in GSTR 2B. Therefore, in GSTR 3B of Aug 2022: 

a. Claim in GSTR-3B Table 4A(5), Rs.75,000 

b. Reverse in 4B(2) – momentary reversal, Rs.75,000 Option 2: input tax credit is to be availed to the extent the amount is matched to GSTR-2B. Therefore GSTR-3B of Aug 2022: table 4A(5): Rs.75,000

Corresponding to Option 1: Time in which books of accounts and portal are matched (extent of books of accounts rectification to Rs.75,000). Therefore, in GSTR 3B: a. Claim in GSTR-3B Table 4A(5), Rs.75,000 b. Disclose in Table 4D(1). Rs.75,000 Corresponding to Option 2: ITC availed the previous month to the extent the amount is matched to GSTR 2B, Therefore no action in GSTR 3B but rectification in books of account, Rs. 15,000

books of account > 2B Where accounting in books is improper

Aug-22 Rs. 90,000

Sept-22 Rs. 75,000

No amount populated in GSTR-2B and No action in August-22

Follow treatment as mentioned in SI no. 3 above

books of account > 2B

Sept-22 Rs. 90,000

Aug-22 Rs. 75,000

1. Claim in GSTR-3B Table 4A(5) 2. Reverse in 4B(2) – momentary reversal

Follow the treatment as mentioned in SI no. 1 or 3 based on the scenario

books of account < 2B Where vendor has disclosed incorrect amount

Aug-22 Rs. 75,000

Aug-22 Rs. 90,000

Option 1: unavailable as the amount got mismatched and follow-up with vendor for delivering the proper invoice or modification in GSTR 2B. Therefore in GSTR 3B of Aug 2022: a. Claim in GSTR-3B Table 4A(5), Rs.90,000 

b. Reverse in 4B(2) – momentary reversal Rs.90,000 Option 2: input tax credit is to be benefited to the extent the amount is matched to GSTR 2B. Therefore, GSTR 3B of Aug 2022: a. Table 4A(5): Rs.90,000 b. Reverse in 4B(2) – momentary reversal, Rs.15,000

Corresponding to Option 1: Time in which books and portal are matched (vendor rectification in portal to Rs.75,000). Therefore, in GSTR-3B : a. Claim in GSTR-3B Table 4A(5), Rs.75,000 b. Disclose in Table 4D(1). Rs.75,000 Corresponding to Option 2: input tax credit to be availed to the extent the amount is matched to GSTR 2B. Therefore in GSTR 3B : a. Table 4A(5): Rs.-15,000(Auto-populate), remove negative amount (Rs. -15,000) manually

books of account < 2B Where vendor has disclosed incorrect amount

Aug-22 Rs. 75,000

Sept-22 Rs. 90,000

No amount populated in GSTR-2B as No activity in Aug-22 

Follow treatment as mentioned in SI no. 6 above

books of account < 2B Where accounting in books is improper

Aug-22 Rs. 75,000

Aug-22 Rs. 90,000

Option 1: unavailable as the amount got mismatched and follow-up with vendor for delivering the proper invoice or modification in GSTR 2B. Therefore in GSTR 3B of Aug 2022: a. Claim in GSTR-3B Table 4A(5), Rs.90,000b. Reverse in 4B(2) – momentary reversal, Rs.90,000Option 2: ITC to be availed to the extent the amount is matched to GSTR 2B.Therefore GSTR 3B of Aug 2022: a. Table 4A(5): Rs.90,000b. Reverse in 4B(2) – momentary reversal Rs.15,000

Corresponding to Option 1: Time in which books and portal are matched (Books of accounts rectification to Rs.90K). Therefore, in Form GSTR-3B : a. Claim in GSTR-3B Table 4A(5), Rs.90,000 

b. Disclose in Table 4D (1). Rs.90K Corresponding to Option 2: Input tax credit is to  avail to the extent of the amount matched in Form GSTR-2B. Therefore, GSTR 3B; 

a. Claim in GSTR-3B table 4A(5), Rs.15,000 

b. Disclose in table 4D(1). Rs.15,000

books of account < 2B Where accounting in books is improper

Aug-22 Rs. 75,000

Sept-22 Rs. 90,000

No action in Aug-22 as no amount settled in GSTR-2B

Follow treatment as mentioned in SI no. 8 above

books of account < 2B

Sept-22 Rs. 75,000

Aug-22 Rs. 90,000

1. Declare in GSTR-3B Table 4A(5) Rs. 90,000 

2. Reverse in 4B(2) – provisionalreversal Rs. 90K

Follow the treatment as mentioned in SI no. 6 or 8 based on the scenario



The procedures of the disclosure have been totally modified, Taxpayers are to be updated with all types of eligible and ineligible credits impacting their business. small-scale and medium-sized initiatives that may not presently have strong automated internal systems for accounting and reconciliation can go through some issues of problematic disclosures in the form of GSTR-3B, which may raise interventions for the department. 

 

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