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GST Reversal / Adjustment Calculator (in GSTR-3B)


GSTR-2B vs. GSTR-3B


(Mandatory as per CBIC Guidelines. Follow carefully to avoid notices.)

Table 1 - Enter ITC auto-populated from GSTR-2B

Details * IGST CGST SGST
Import of Goods
Import of Services
Inward Supplies under RCM
Inward Supplies from ISD
All other ITC
* W.e.f. Jan 2023, GSTN will auto-populate ITC (net of credit notes) in Table 4A of GSTR-3B. Earlier credit notes were being auto-populated separately as reversal in Table 4(B).

Table 2 - Enter Adjustments required to be done in GSTR-3B.

S.No. Adjustment IGST CGST SGST

ITC reflecting in GSTR-2B and auto-populated in GSTR-3B by GSTN.

[This needs to be reversed in Table 4(B) of GSTR-3B]
1

Permanent Reversal: 4(B)(1)


- reversal under rule 38,
- reversal under rule 42,
- reversal under rule 43,
- ineligible credit u/s 17(5).
2

Temporary Reversal: 4(B)(2)


- reversal under rule 37,
- ineligible credit u/s 16(2)(b),
- ineligible credit u/s 16(2)(c),
- Any other reevrsal.

ITC reflecting in GSTR-2B but not auto-populated in GSTR-3B by GSTN.

[No reversal required in GSTR-3B, as the same has not been auto-populated. To be shown only for reporting purpose in table 4(D)(2)]
3

Ineligible ITC: 4(D)(2)

- on account of limitation of time period u/s 16(4),

- where the recipient of intra-State supply is located in different State than that of place of supply.

Other ITC to be claimed by TaxPayer (not reflecting in GSTR-2B).

4 ITC on Import of Goods (Subject to BE fetched by GSTN from ICEGATE).
5 ITC on Import of Services.
6 ITC on Inward Supplies under RCM e.g. RCM paid on advocate fee, freight etc.
7 ITC reversed in previous months on temporary basis. (to be re-claimed in current month)

Correct Reporting in Table 4 of GSTR-3B

Table 4 (GSTR-3B)

S.No. Details IGST CGST SGST

4. Eligible ITC

(A) ITC Available (whether in full or part)

1 Import of Goods 0 + 0 4 0 + 0 4 0 + 0 4
2 Import of Services 0 + 0 5 0 + 0 5 0 + 0 5
3 Inward Supplies liable to Reverse Charge (other than 1 & 2 above) 0 + 0 6 0 + 0 6 0 + 0 6
4 Inward Supplies from ISD 0 0 0
5 All other ITC 0 + 0 7 0 + 0 7 0 + 0 7

(B) ITC Reversed

1 As per rules 38,42 & 43 of CGST Rules and section 17(5) 0 1 0 1 0 1
2 Others 0 2 0 2 0 2

(C) Net ITC Available (A - B)

(to be credited to Electronic Credit Ledger)
0 0 0

(D) Ineligible ITC (For reporting only)

1 ITC reclaimed which was reversed under Table 4(B)(2) in earlier tax period 0 7 0 7 0 7
2 Ineligible ITC under section 16(4) & ITC restricted due to PoS rules 0 3 0 3 0 3

Notes:

Permanent Reversal [Table 4(B)(1)]:
Rule 38 - Reversal of credit by a banking company or a financial institution,

Rule 42 - Reversal of credit on input or input services, if the same is used in supply of exempted goods or services or used for non-business purposes,

Rule 43 - Reversal of credit on capital goods, if the same is used in supply of exempted goods or services or used for non-business purposes, or

Ineligible credit u/s 17(5) of the CGST Act - ITC on motor vehicles, vessels, aircraft, food & beverages, club membership, health & fitness center, leave travel benefits etc.

Temporary Reversal [Table 4(B)(2)]:
Rule 37 - Reversal of credit due to non-payment of consideration to supplier within 180 days,

Section 16(2)(b) - Reversal of credit on account of non-receipt of goods or services in the same tax period in which the invoice has been received,

Section 16(2)(c) - Reversal of credit on account of non-payment of tax by the supplier.

Any Other Reversal - This column may also be used for any other reversal of ITC claimed by mistake in Past.







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21
Apr
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22 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States.

* State Category I - Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands and Lakshadweep.

24 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2024 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States.

* State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

25 Apr

☑ Half-Yearly | ITC-04

ITC-04 for the half year (Oct - Mar 2024) (For taxpayers > 5 Cr. Turnover) - Rule 45.

☑ Annual | ITC-04

ITC-04 for the FY 2023-24 (For taxpayers upto 5 Cr. Turnover) - Rule 45.

28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Annual | GSTR-4

GSTR-4 (Annual Return) for FY 2023-24 by Composite Taxpayer (Rule 62).

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2024 (Rule 61A)