GSTR-3B Advisory on Impending Changes

The Goods and Services Tax Network (GSTN) has issued an advice regarding upcoming revisions to the assessee’s GSTR-3B return.

On July 5, 2022, the government issued notice no 14/2022 – Central Tax, which required the assessee to disclose the data on the input tax credit claimed, as well as the reversal thereof, in Table 4 of Form GSTR-3B.

1. The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B requiring taxpayers to report information on ITC correctly availed, reversal thereof and declaring ineligible ITC in Table 4 of GSTR-3B. The detailed Notification can be viewed by clicking here

2. The notified changes in Table 4 of GSTR-3B are being implemented on the GST Portal and will be available shortly. Until these changes are implemented on the GST Portal, taxpayers are advised to continue to report their ITC availment, reversal of ITC and ineligible ITC as per the current practice.

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3. The taxpayers will be duly informed once these changes are made available on the GST Portal.