dear friends
my query is how to reverse GST ITC in case of builders and where to disclose in GSTR-3B.
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GST ITC REVERSAL- BUILDER
Replies (5)
If you are not eligible for ITC show in Table 4(B)(1).
sir, whether we have to first report 4(A)(5) And then reverse in 4 (B)(1)..Pls confirm
Why reversal has to be made???
we are construction busineess and we opted 5% GST
Yes exactly you have to show in Table 4A(5) and has to reverse in Table 4B(1).
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