GST ITC Reversal and Reclaimed | Electronic Credit Reversal and Re-claimed statement in Tamil| GST

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Table 4(B)(2), taxpayers need to report all reclaimable reversals here, such as ITC restricted

Rule 37 of the CGST Rules - Non-payment of the sale consideration within 180 days.

Section 16(2)(b) of the CGST Act - Where the goods or services have not been received yet.

Section 16(2)(c) of the CGST Act - where the suppliers have not paid their GST Tax dues as per GSTR-3B.

When reporting the accumulated balance of reversed ITC, it is important to take into account only those ITC which were previously reversed in GSTR-3B Table 4B(2) but are eligible for re-claim and have not yet been re-claimed.

Re-claimable ITC such as on account of rule 37 of CGST Rules, Section 16(2)(b), Section 16(2)(c) of the CGST Act shall beet ITC reported here. Inadvertently availed ITC may also be reversed here.

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[vinothkumarc]

GST 3B avanga file pannathana bro namaku input agum

[joykannan]

We have some electronic credit reversal in our portal. How to take breakuo

[akvm]

Credit note debit note reversal கணக்கை இதில் காட்டவேண்டுமா

[nkannan]

Shall we take the opening balance of itc reversal and claim from 1st nov 23. Since we have not this during aug 23 return. Moreover we have done this in Excel format not done in portal. Pl give your comments. kannan