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

Details Integrated
Tax
Central
Tax
State/UT
Tax
Cess
1 2 3 4 5
(A) ITC Available (whether in full or part)
(1)   Import of goods
(2)        Import of services
(3)        Inward supplies liable to reverse charge (other than 1 & 2 above)
(4)        Inward supplies from ISD
(5) All other ITC
(B) ITC Reversed
(1)    As per rules 38, 42 and 43 of CGST Rules and Section 17(5)
(2)        Others
(C)  Net ITC Available (A) — (B)
(D) Other Details
1) ITC reclaimed which was reversed under Table 4(B)(2) in earlier tax period
(2) Ineligible ITC under section 16(4) and ITC restricted due to PoS provisions
  • 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 mamta0581@gmail.com

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6 Comments

  1. SATYANDRA KUMAR JAIN says:

    Dear Ms Madam

    Your article is good. We have one query on the issue.
    Whether this notification applicable on GSTR-3B of Aug-22 or Sept-22 i.e. changes will be applicable on GSTR-3B of Aug-22 or Sept-22.
    Regards
    S K Jain
    M-9837030904

  2. OM PRAKASH JAIN says:

    Madam,
    Whether restricting ITC u/s 16(4) is valid inspite of NOTWITHSTADING clause in S.16(2).
    Also refer the same clause in S.17(5).
    CA Om Prakash Jain s/o J.K.Jain, Jaipur
    Tel 9414300730

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