Details of ITC for Goods or Services received in previous FY but ITC availed in GST Returns filed for April to Sep 2021 to be declared in Table 4(A) of GSTR-3B: CBIC [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has notified that Details of Input Tax Credit (ITC) for goods or services received in previous FY but ITC availed in returns filed for April 2021 to September 2021 to be declared in Table 4(A) of FORM GSTR-3B.

The government has notified the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 which seeks to amend Central Goods and Services Tax Rules, 2017.

In the said rules, in FORM GSTR-9, in the instructions in the Table in paragraph 7 against serial number 13, after the words, letters and figures “reclaimed in FY 2020-21, the details of such ITC reclaimed shall be furnished in the annual return for FY 2020-21,”, the following entry shall be inserted, namely “For FY 2020-21, details of ITC for goods or services received in the previous financial year but ITC for the same was availed in returns filed for the months of April 2021 to September 2021 shall be declared here. Table 4(A) of FORM GSTR-3B may be used for filling up these details. However, any ITC which was reversed in the FY 2020-21 as per second proviso to sub-section (2) of section 16 but was reclaimed in FY 2021-22, the details of such ITC reclaimed shall be furnished in the annual return for FY 2021-22.” For the figures and word “2018-19 and 2019-20”, the figures and word “2018-19, 2019-20 and 2020-21” shall be substituted.

Under the GST laws, Form GSTR3B is a self-declared consolidated summary return of inward and outward supplies which is required to be filed by a registered person electronically on the GST Common Portal.

Support our journalism by subscribing to Taxscan AdFree. We welcome your comments at info@taxscan.in