dear friends
my query is how to reverse GST ITC in case of builders and where to disclose in GSTR-3B.
If you are not eligible for ITC show in Table 4(B)(1).
GANGI NAIDU YANAMANDALA (130 Points)
06 November 2023
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 07 November 2023
If you are not eligible for ITC show in Table 4(B)(1).
GANGI NAIDU YANAMANDALA
(130 Points)
Replied 07 November 2023
sir, whether we have to first report 4(A)(5) And then reverse in 4 (B)(1)..Pls confirm
GANGI NAIDU YANAMANDALA
(130 Points)
Replied 08 November 2023
we are construction busineess and we opted 5% GST
Rajendra Prasad
(Employee Private)
(1824 Points)
Replied 08 November 2023
Yes exactly you have to show in Table 4A(5) and has to reverse in Table 4B(1).
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