What ITC amounts has to be reversed u/s 16(2)(c) in GSTR 3B in Table 4(B)(2). As per the circular 170-02-2022-GST, Dt.06/07/2022 has to report the same from this month along with Section 16(2)(b) and Rule 37 and Credit Note reversals. Also Section 41 of CGST Act has not yet notified as substituted in Finance Act 2022 and also no mechanism has been introduced in this regard.
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