If eligible ITC earlier claimed in Form GSTR-3B belongs to the older periods January-July 2022 but now appearing in Form GSTR-2B, claim it completely in Table 4 (A) (5) without reversing any.

This ITC is a combination of both the eligible and ineligible ITC. The ITC gets auto-populated from the GSTR-1, GSTR-5 and GSTR-6 returns filed by the suppliers of that taxpayer.

Credit and Finance for MSMEs: Although the GSTR-2B was introduced to provide insights to the taxpayers to claim eligible ITC alone, there is no mechanism to monitor that in GSTR-3B.

The Court further held that GSTR-3B is not a return under Section 39. The due date of filing return under Section 39 for the months of July 2017 to March 2019 shall be subsequently notified in the ...

The remaining 1.03 crore assessees need to file form GSTR 3B on a monthly basis, which will indicate how much tax has actually been paid after deducting input tax credit (ITC).

"Accordingly, pending ITC pertaining to FY 2023-24 can only be claimed up to November 30, 2024, i.e. filing of October 2024 GSTR-3B return," she says.

Form GSTR-3B, a streamlined summary return for taxpayers to disclose or discharge their summary GST liabilities, is typically used to accomplish this. This form must be submitted by the taxpayer ...

The notification also mentioned that input tax credit (ITC) gets auto populated in GSTR-3B from GSTR-2B only if the taxpayer has not saved any data in GSTR3B for the tax period.

Relation between GSTR-1 & 3B Usually, businesses upload sales at the invoice level in the GSTR-1 and report summary figures of sales, ITC claimed, and net tax payable in GSTR-3B. It is to be noted ...