To: Members of the Council
Sub: Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked ITC and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1
Dear Member,
CBIC vide its Circular No. 170/02/2022-GST dated 6th July 2022 mandates furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit (ITC) and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1.
CBIC has observed that –
It is desirable that correct reporting of information is done by the registered person in FORM GSTR-3B and FORM GSTR-1 to ensure correct accountal and accurate settlement of funds between the Central and State Govts. Accordingly, in order to ensure uniformity in return filing, CBIC has provided clarification in this regard.
For detailed information, members may kindly refer to Circular No. 170/02/2022-GST.
Members may kindly make a note of the above.
Thanking you,
Yours faithfully,
S. BALARAJU
EXECUTIVE DIRECTOR