Changes in GSTR-3B w.e.f 01.09.2022 -Simplified

Hello readers, I have written so many articles earlier in very simplified manner, now also I have tried to explain changes in GSTR-3B in a simplified way.

As we all know we are required to report ITC availment, reversal of ITC and ineligible ITC as per new format – Table 4 for GSTR-3B to be filed for August 2022 onwards-

Table 4 – Eligible ITC

• Changes marked above in red color are explained as under- 

Table 4 (B) (1)-  Non –Reclaimable ITC

• Rule 38 CGST RULES- Reversal of input credit by Banking Company or Financial Institution
• Rule 42 CGST RULES- Reversal of input credit in case used for partly for business purposes and exempt supply
• Rule 43 CGST RULS- Reversal of input tax credit in case capital goods used partly for busines purpose and exept supply.
• Section 17(5) – Ineligible credit

• Above stated credit reflected in GSTR-2B need to be reversed in Table No 4(B) (1) –

Further above stated credit can’t be re-claimed…. 

Table 4(B) (2)- other reversal

Rue 37- Input tax credit reversed due to non-payment of consideration in 180 days

• Section 16 (2) (b) – ITC reversed as goods received next month or services not completed.
• Section 16 (2) (e) – ITC reversed as supplier has not paid taxes.
• ITC reversed which was wrongly claimed earlier in GSTR-3B.
• Credit notes- auto populated .

Now above stated ITC reversed can be reclaimed but need to be reported in Table No 4 (D) (1)- so that proper reconciliation can be done .

Lastly ITC which was restricted in Section 16(4) i.e reported after due date of furnishing the return u/s 39  –cant be claimed even though reflected in GSTR-2B but need to reported in Table 4(D)(2) 

Queries  related to above mailed at [email protected]