COLUMN 4(A)(5) All other ITC - Do this includes ITC reversed and Ineligible ITC ?
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 30 May 2022
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 31 May 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 31 May 2022
@ Eswar Reddy Please reply what is asked for.
Eswar Reddy S
(CFO- at NHTF)
(58213 Points)
Replied 31 May 2022
ANIL
(Others)
(198 Points)
Replied 31 May 2022
Thanks for all your replies.
In fact, the system generated GSTR-3B column 4(A)(5) is showing all other ITC as per GSTR-2B which includes ineligible ITC also.
So, do i need to first reduce ineligible ITC in column 4(A)(5) and then report it separately in 4(D) ?
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 31 May 2022
Yes, 1st reduce the ITC from the 4(A)(5) and then report under 4(D)(1) or 4(D)(2) as applicable. .
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 31 May 2022
You have to deduct ineligible ITC from all other ITC and show that amount in ineligible ITC column
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 31 May 2022
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