GSTR-3B All other ITC

ANIL (Others) (199 Points)

30 May 2022

COLUMN 4(A)(5) All other ITC - Do this includes ITC reversed and Ineligible ITC ?

Reply
Follow
Share

9 Replies

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 30 May 2022

It includes ITC reversed. Ineligible ITC not included in it .

1 Like

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 31 May 2022

There is seperate column for ITC reversal.

What you claim ITC is only eligible ITC since it is reducing GST liability

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 31 May 2022

@ Eswar Reddy Please reply what is asked for.

Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 31 May 2022

@ CA Rashmi Gandhi ,

You can give your opinion and you need not comment on others comments

ANIL (Others) (199 Points)
Replied 31 May 2022

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) ?

CA Puja Sharma (Chartered Accountant) (5010 Points)
Replied 31 May 2022

Yes, 1st reduce the ITC from the 4(A)(5) and then report under 4(D)(1) or 4(D)(2) as applicable. .

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 31 May 2022

You have to deduct ineligible ITC from all other ITC and show that amount in ineligible ITC column

ANIL (Others) (199 Points)
Replied 31 May 2022

Thank you all for the clarifications !!

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 31 May 2022

Welcome........Its our pleasure........

Start a New Discussion