GSTP
289 Points
Posted on 26 July 2019
PRABU NARAYANAN SIR,
can we adjust in next month 3b as
IGST amount as ITC REVERSED in TABLE 4(b) and take actual in sgst & cgst
| Details |
Amount |
Integrated Tax |
Central Tax |
State/ UT Tax |
Cess |
| 1 |
|
2 |
3 |
4 |
5 |
| (A) ITC Available (whether in full or part) |
|
|
|
|
|
| (1) Import of goods |
|
|
|
|
|
| (2) Import of services |
|
|
|
|
|
| (3) Inward supplies liable to reverse charge (other than 1 & 2 above) |
|
|
|
|
|
| (4) Inward supplies from ISD |
|
|
|
|
|
| (5) All other ITC |
|
|
50.00 |
50.00 |
|
| Total |
|
|
|
|
|
| (B) ITC Reversed |
|
|
|
|
|
| (1) As per rules 42 & 43 of CGST Rules |
|
|
|
|
|
| (2) Others |
|
100.00 |
|
|
|
| (C) Net ITC Available (A) – (B) |
|
-100.00 |
50.00 |
50.00 |
|
| (D) Ineligible ITC |
|
|
|
|
|
| (1) As per section 17(5) |
|
|
|
|
|
| (2) Others |
|
|
|
|
|
DRC 03 REVERSAL OR THIS METHOD IS CORRECT??