Format of GSTR 3B - Table 4

Details

IGST

CGST

SGST

Cess

A. Eligible ITC

Import of Goods

Import of Service

Inward Supplier liable to Reverse Charge (Other than 1 & 2 above)

Inward Supplies from ISD

All other ITC

B. ITC Reversed

As per Rules 42 & 43 of CGST Rules

Others

C. Net ITC Available (A - B)

D. Ineligible ITC

As per Section 17(5)

Others

Table No of GSTR 3B

Particulars of Table

Adjustments to be made.

Table4B: ITC Reversed

Table No. 4B(1)

As per Rules 42 & 43 of CGST Rules

1. Rule 42 - Manner of determination of input tax credit in respect of inputs and input service and reversal thereof.
2. Rule 43 - Maner of determination of input tax credit in respect of capital goods and reversal thereof in certain cases.
3. Rule 38 - Claim of Credit by a banking company or Financial institution.
4. Section 17(5) - Blocked Credit

Note: Any ITC which is not reclaimable will be reversed here.

Table No. 4B(2)

Others

Not permanent in nature AND which can be reclaimed in future, subject to fulfillment of specific condition will be reversed here. Such as,

1. Rule 37 - Reversal of input tax credit in the case of Non-Payment of consideration (within 180 Days)
2. Section 16(2)(b) - Invoice/DN is received but Goods or services is/are not received
3. Section 16(2)(c) - Tax has been actually paid to Government.
4. Reversal of any ITC availed in Table4(A) in previous Tax periods because of some inadvertent mistake.

Note:

1. Such ITC (i to iv) can be reclaimed in Table 4(A)(5) - "All other ITC" on fulfillment of necessary conditions
2. All such reclaimed ITC shall also be shown in Table 4(D)(1).

Table 4D: Ineligible ITC

Table No. 4D(1)

As per Section 17(5)

All ITC which is reclaimed on fulfillment of specified condition (which was reversed in Table 4(B)(2)) shall be shown here.

It is clarified that the reversal of ITC of ineligible credit under section 17(5) or any other provision of the CGST Act and Rules thereunder is required to be made under Table 4(B) and not under Table4(D) of Form GSTR 3B. (This para, in the entire circular, seems illogical to me. In Table 4(D)(1) of the Form GSTR 3B, it is mentioned that ITC ineligible under Section 17(5) is to be mentioned here and this circular denies to mention the same. Maybe in upcoming days, there will be some modification in GSTR 3B format)

Table No. 4D(2)

Others

1. ITC not available u/s 16(4) for limitation of time period.
2. Where recipient state and place of supply state are different.

Note:

1. Data for Table 4D(2) should be taken from "ITC Not Available" Sheet of GSTR 2B.
2. Amount mentioned in Table 4D, will neither be added nor deducted from Net ITC.
3. This 2 i.e (a. & b.) Reporting is Optional. Word used in the Circular is "may be reported", but I prefer to disclose the same.