The Central Board of Indirect Taxes and Customs (CBIC) has notified that Aggregate value of reversal of ITC availed in previous FY but reversed in returns filed for April 2021 to September 2021 to be declared in Table 4(B) 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 second column against serial number 12, after the words, letters and figures “For FY 2019-20, the registered person shall have an option to not fill this table.”, the following entry shall be inserted, namely “For FY 2020-21, aggregate value of reversal of ITC which was availed in the previous financial year but reversed in returns filed for the months of April 2021 to September 2021 shall be declared here. Table 4(B) of FORM GSTR-3B may be used for filling up these details.” 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.
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