Correct way to show ITC Reversal in GSTR-3B

Say, I have Input IGST available Rs.2000, out of which I have reversed Input IGST of Rs.800 as I have returned one item and the vendor had issued a Credit Note for the item, against which I have claimed a refund.

Now which way will be correct to display the same in GSTR-3B?

A)

4. Eligible ITC
(A)(5) All other ITC : 1200 (IGST)
(B)(2) ITC Reversed : 0 (IGST)
(C) Net ITC Available : 1200 (IGST)

 

B)

4. Eligible ITC
(A)(5) All other ITC : 2000 (IGST)
(B)(2) ITC Reversed : 800 (IGST)
(C) Net ITC Available : 1200 (IGST)
Replies (3)
Quick Summary
This discussion clarifies the correct way to display Input Tax Credit (ITC) reversals in your GSTR-3B filing. It addresses a scenario where an item return leads to a credit note and a refund. The recommended method (Option B) involves showing the full eligible ITC and then detailing the reversed amount, aligning with the GST portal's auto-population and aiding in ITC reconciliation.

Option B is better and in line with auto population algorithm of gst portal.
Itc may be calim by an invoice or burden of payment of gst
If a purchase conducted by a R P as intra state,cgst ,sgst paid on same.Then , which goods moved by him to other state in India,cgst,sgst transferred fully as igst on same goods..
Option B is best as it will also help you during ITC Reconciliation

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