Circular No. 170/02/2022-GST-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-Simplified
Hello readers, Due date of GSTR-3B approaching so at request of my friends I will try to explain changes in GSTR-3B in simplified manner-
1. Furnishing of information regarding inter-State supplies made to unregistered persons, composition taxable persons and UIN holders:
Registered taxpayers are not reporting correct details of inter-State supplies made to unregistered persons, to composition taxpayers and to UIN holders as required to be declared in Table 3.2 of FORM GSTR-3B (Additional information) as taxable value and tax payable already reported in Table No 3.1 of said Form. Correct details also need to reported in Table 7B or Table 5 or Table 9/10 of GSTR-1. Any amendment relating to above supplies also need to be given effect to in Form GSTR-3B
Further, POS need to be correctly reported in case of B TO C transactions in case Invoice value of amount of Invoice exceeds Rs 50000 as name and address of recipient need to be mentioned in tax invoice.
Reason for reporting-Tax reaches the Consumption State as per the principles
of destination-based taxation system.
2. Furnishing of information regarding ITC availed, reversal thereof and ineligible ITC in Table 4 of GSTR-3B
TABLE 4 (A) – Total ITC (eligible as well as ineligible) is being auto-populated from statement in FORM GSTR-2B. (Except the ineligible ITC on account of limitation of time period as delineated in sub-section (4) of section 16 of the CGST Act or where the recipient of an intra-State supply is located in a different State / UT than that of place of supply)
TABLE -4(B)(1) – Registered person will report reversal of ITC, which are absolute in nature and are not reclaimable such as-
TABLE -4(B)(2) :
Registered person will report reversal of ITC, which are not permanent in nature and can be reclaimed in future subject to fulfilment of specific conditions such as-
Such ITC may be reclaimed in Table 4(A)(5) on fulfilment of necessary conditions . Further, all such reclaimed ITC shall also be shown in Table 4(D)(1)
Eligible ITC- Net ITC Available will be calculated in Table 4 (C) which is as per the formula (4A – [4B (1) + 4B (2)]) and same will be credited to the ECL of the registered person.
Queries related to above mailed at firstname.lastname@example.org or Contact -9813458638.