GSTP
289 Points
Joined February 2019
PRABU NARAYANAN SIR,
can we adjust in next month 3b as
IGST amount as ITC REVERSED in TABLE 4(b) and take actual in sgst & cgst
| Details |
Amount |
Integrated Tax |
Central Tax |
State/ UT Tax |
Cess |
| 1 |
|
2 |
3 |
4 |
5 |
| (A) ITC Available (whether in full or part) |
|
|
|
|
|
| (1) Import of goods |
|
|
|
|
|
| (2) Import of services |
|
|
|
|
|
| (3) Inward supplies liable to reverse charge (other than 1 & 2 above) |
|
|
|
|
|
| (4) Inward supplies from ISD |
|
|
|
|
|
| (5) All other ITC |
|
|
50.00 |
50.00 |
|
| Total |
|
|
|
|
|
| (B) ITC Reversed |
|
|
|
|
|
| (1) As per rules 42 & 43 of CGST Rules |
|
|
|
|
|
| (2) Others |
|
100.00 |
|
|
|
| (C) Net ITC Available (A) – (B) |
|
-100.00 |
50.00 |
50.00 |
|
| (D) Ineligible ITC |
|
|
|
|
|
| (1) As per section 17(5) |
|
|
|
|
|
| (2) Others |
|
|
|
|
|
DRC 03 REVERSAL OR THIS METHOD IS CORRECT??