Positive values of all credit notes, on which ITC is available. If . this is negative, then credit may be reclaimed subject to reversal of the same on an earlier instance.
Sir where to show reclaim of itc in gstr 3b under which coloumn? This reclaim itc is considered for 105% itc calculation?
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GST related query
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Report your reclaimed ITC in Table 4(A)(5) to claim it and explicitly disclose it in Table 4(D)(1) to comply with reporting requirements. The "105% rule" is no longer in effect, and the system now relies on the ECRS ledger to validate your reclaims.
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