The Goods and Services Tax Network (“GSTN”) has issued an Advisory dated February 17, 2023 regarding the Introduction of Negative Values in Table 4 of GSTR-3B.
The Government vide Notification No. 14/2022 – Central Tax dated July 05, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and ineligible ITC in Table 4 of GSTR-3B. According to the changes, the net ITC is to be reported in Table 4(A) and ITC reversal, if any, is to be reported in Table 4(B) of GSTR-3B.
Source a2ztaxcorp
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