Treatmentment of fixed assets in gstr 3B

08 May 2021

treatment of captal goods in gstr 3 b when tax also capitalised

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5 Replies

Mujeeb Doi (309 Points)
Replied 09 May 2021

Nothing, in that case you cannot claim ITC, but if you want to reconcile with GSTR2 then first claim, and then reverse the same in the same return

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 09 May 2021

Not required to report in 3B

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Lotus Agrawal (Practice) (1358 Points)
Replied 09 May 2021

Agree with Mujeeb ji

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narender tuteja (176 Points)
Replied 09 May 2021

Sir agar 3b mein itc ke baad reverse karta hue to kya us itc per dep. mil jayega

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 May 2021

No it's not possible

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