20 March 2023
In last month(jan-23) we have purchased some items they have shown the gst amount in gstr 2b, but we have not received the material in last month, we have received the gst credit in this month (Feb-23). This credit was shown in which column 4B Point 1 or 4B Point 2 of 4D point 1 or 4D point 2. Last month we have shown in Ineligible ITC 4B(1). Please suggest me sir,
07 July 2024
In your case, where you received the credit in February 2023 for purchases made in January 2023:
1. **Column 4B (2) of GSTR-3B:** - This column pertains to ITC received on invoices or debit notes issued in the previous financial year but accounted for in the current financial year. Since you received the credit in February 2023 for purchases made in January 2023, this would typically be reported under Column 4B (2) of GSTR-3B.
2. **Column 4D (1) of GSTR-3B:** - This column is used for any other ITC. If the credit received in February 2023 relates to invoices or debit notes issued in January 2023, it should be reported under Column 4D (1) of GSTR-3B.
To summarize:
- **Column 4B (2):** Used for ITC received on invoices or debit notes of the previous financial year accounted for in the current financial year. - **Column 4D (1):** Used for other ITC, which may include credits received for invoices or debit notes issued in the same financial year.
Since you received the credit in February 2023 for January 2023 purchases, it aligns with reporting under Column 4B (2) or Column 4D (1) depending on your specific circumstances and the nature of the transaction. Always ensure to reconcile and accurately report ITC in the relevant columns to comply with GST regulations.
CAclubindia
