COLUMN 4(A)(5) All other ITC - Do this includes ITC reversed and Ineligible ITC ?
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GSTR-3B All other ITC
Replies (9)
It includes ITC reversed. Ineligible ITC not included in it .
There is seperate column for ITC reversal.
What you claim ITC is only eligible ITC since it is reducing GST liability
What you claim ITC is only eligible ITC since it is reducing GST liability
@ Eswar Reddy Please reply what is asked for.
@ CA Rashmi Gandhi ,
You can give your opinion and you need not comment on others comments
You can give your opinion and you need not comment on others comments
Thanks for all your replies.
In fact, the system generated GSTR-3B column 4(A)(5) is showing all other ITC as per GSTR-2B which includes ineligible ITC also.
So, do i need to first reduce ineligible ITC in column 4(A)(5) and then report it separately in 4(D) ?
Yes, 1st reduce the ITC from the 4(A)(5) and then report under 4(D)(1) or 4(D)(2) as applicable. .
You have to deduct ineligible ITC from all other ITC and show that amount in ineligible ITC column
Thank you all for the clarifications !!
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