9911796707
TMI BlogMandatory 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-1X X X X Extracts X X X X X X X X Extracts X X X X ..... ed person in relation to inter-State supplies effected to unregistered person, registered person paying tax under Section 10 of the Goa Goods and Services Tax Act, 2017 (composition taxable persons) and UIN holders. Also, there appears to be lack of clarity regarding reporting of information about reversal of Input Tax Credit (hereinafter referred to as the ITC ) as well as ineligible ITC in Table 4 of FORM GSTR-3B. 2. It is desirable that correct reporting of information is done by the registered person in FORM GSTR-3B and FORM GSTR-1 so as to ensure correct accountal and accurate settlement of funds between the Central and State Governments. Accordingly, in order to ensure uniformity in return filing, the undersigned, in exercise of its powers conferred under Section 168 of the Goa Goods and Services Tax Act, 2017 (hereinafter referred to as the Goa GST Act ), hereby clarifies various issues in succeeding paragraphs. 3. Furnishing of information regarding inter-State supplies made to unregistered persons, composition taxable persons and UIN holders: 3.1 It has been noticed that a number of registered persons are not reporting the correct details of inter-State supplies ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Furnishing of information regarding ITC availed, reversal thereof and ineligible ITC in Table 4 of GSTR-3B. 4.1 Table 4(A) of the FORM GSTR-3B is getting auto-populated from various entries of FORM GSTR-2B. However, various reversals of ITC on account of rule 42 and 43 of the Goa GST Rules or for any other reasons are required to be made by the registered person, on his own ascertainment, in Table 4(B) of the said FORM. It has been observed that different practices are being followed to report ineligible ITC as well as various reversals of ITC in FORM GSTR-3B. 4.2 It may be noted that the amount of Net ITC Available as per Table 4(C) of FORM GSTR-3B gets credited into the electronic credit ledger (ECL) of the registered person. Therefore, it is important that any reversal of ITC or any ITC which is ineligible under any provision of the Goa GST Act should not be part of Net ITC Available in Table 4(C) and accordingly, should not get credited into the ECL of the registered person. 4.3 In this context, it is pertinent to mention that the facility of static month-wise auto-drafted statement in FORM GSTR-2B for all registered persons has been introduced from August, 2020. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , such as on account of Rule 37 of Goa GST Rules (non-payment of consideration to supplier within 180 days), Section 16(2)(b) and Section 16(2)(c) of the Goa GST Act in Table 4 (B) (2). 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). Table 4 (B) (2) may also be used by registered person for reversal of any ITC availed in Table 4(A) in previous tax periods because of some inadvertent mistake. D. Therefore, the 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. E. As the details of ineligible ITC under Section 17(5) are being provided in Table 4(B), no further details of such ineligible ITC will be required to be provided in Table 4(D)(1). F. ITC not available, on account of limitation of time period as delineated in sub-section (4) of Section 16 of the Goa GST Act or where the recipient of an intra-State supply is located in a different State /UT than that of place of supply, may be reported by the registered person in Table 4D (2). Such details are availabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - - 50,000 Auto-populated in Table 4(A)(4) 5 ITC on other inward supplies 2,00,000 1,50,000 1,50,000 5,00,000 Auto-populated in Table 4(A)(5) 6 Total 4,00,000 1,75,000 1,75,000 7,50,000 Other relevant facts: Note 1: Of the other inward supplies mentioned in row (5), M/s ABC has received goods on which ITC is barred under Section 17(5) of the Goa GST Act having integrated tax of Rs. 50,000/-. Note 2: In terms of rule 42 and 43 of the Goa GST Rules, M/s ABC is required to reverse ITC of Rs. 75,500/- integrated tax, Rs. 52,000/- central tax and Rs. 52,000/- state tax. Note 3: M/s ABC had not received the supply during April, 2022 in respect of an invoice for an inwards supply auto-populated in row (5) having integrated tax of Rs. 10,000/-. Note 4: M/s ABC has reversed ITC of Rs. 500/- central tax and Rs. 500/- state ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 500 1. Refer para 4.3 (C) of circular 2. Reversal of integrated tax of Rs. 10,000/-, where supply is not received [Note 3] 3. Reversal of ITC of Rs 500/- central tax and Rs 500/- state tax on account of Rule 37 [Note 4] (C) Net ITC Available (A)-(B) 2,64,500 122500 122500 C=A1+A2+A3+A4+A5-B1-B2 (D) Ineligible ITC 1. As per section 17(5) - - - 1. Refer para 4.3 (E) of circular 2. Reversals under section 17(5) are not required to be shown in this row. The same are to be shown under 4(B)(1) 2. Others 10,000 10,000 1. Refer para 4.3(F) of circular 2. Ineligible ITC on account of limitation of time period as delineated in sub-section (4) of section 16 of the Goa GST Act , which has not been auto-populated in Table 4(A) of GSTR-3B - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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