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Should we report ineligible itc monthly in gstr 3b
we are going to start manufacturing unit. for that we are purchasing raw material for building. we are getting invoices for raw material. on which gst is ineligible. so my query is should we report ineligible itc in section 17(5) or in other ineligible itc column in monthly gstr3b
Replies (5)
You should not consider such ITC in table 4A.
Further, you may disclose it in 4D(1) as it is ineligible in terms of 17(5) of CGST Act.
Further, you may disclose it in 4D(1) as it is ineligible in terms of 17(5) of CGST Act.
is it mandatory to disclose on monthly basis or can we disclose in year end in March and is there any penalty for not disclosing
It should be disclosed. However, there may not be any penalty levied for not disclosing.
Thank you
Is there any provision that a service provider providing service that is ineligible to receiver.
provider should file gstr1 for ineligible service ?
provider should file gstr1 for ineligible service ?
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