{"id":8715,"date":"2023-02-18T04:54:10","date_gmt":"2023-02-18T04:54:10","guid":{"rendered":"https:\/\/www.klickongstworld.com\/blog\/?p=8715"},"modified":"2023-02-18T04:55:11","modified_gmt":"2023-02-18T04:55:11","slug":"gstn-introduces-negative-values-in-table-4-of-gstr-3b","status":"publish","type":"post","link":"https:\/\/www.klickongstworld.com\/blog\/gstn-introduces-negative-values-in-table-4-of-gstr-3b\/","title":{"rendered":"GSTN Introduces Negative Values in Table 4 of GSTR-3B"},"content":{"rendered":"<p align=\"justify\"><em>The Goods and Services Tax Network has issued  an&nbsp;<\/em><em><strong>Advisory dated February 17, 2023&nbsp;<\/strong><\/em><em>regarding the&nbsp;Introduction  of Negative Values in Table 4 of GSTR-3B.<\/em><\/p>\n<p align=\"justify\">The Government vide Notification No. 14\/2022 &#8211; Central Tax dated  July 05, 2022 has notified few changes in Table 4 of Form GSTR-3B for enabling  taxpayers to report correct information regarding ITC availed, ITC reversal and  ineligible ITC in Table 4 of GSTR-3B. According to the changes, the net ITC is  to be reported in Table 4(A) and ITC reversal, if any, is to be reported in  Table 4(B) of GSTR-3B.<\/p>\n<p align=\"justify\">Currently in GSTR-3B, credit note (CN) is being auto-populated in  Table 4B(2), as ITC reversal. Now in view of the said changes, the impact of  credit notes are also to be accounted on net off basis in Table 4(A) of GSTR-3B  only. Accordingly following changes have been made in the GST Portal from  January-2023 period onwards and shall be applicable from tax period &#8211; January  2023 onwards.<\/p>\n<p align=\"justify\">a. The impact of credit note  &amp; their amendments will now be auto-populated in Table 4(A) instead of  Table 4(B) of GSTR-3B . In case the value of credit notes becomes higher than  sum of invoices and debit notes put together, then the net ITC would become  negative and the taxpayers will be allowed to report negative values in  Table-4A. Also, taxpayers can now enter negative values in Table 4D(2) of  GSTR-3B.<\/p>\n<p align=\"justify\">b. Consequent updates\/  modification in the advisory, messages, instructions, and help-text in form  GSTR-2B, without any structural changes in form GSTR-2B summary or tables have  also been done in GSTR-2B.<\/p>\n<p align=\"justify\">c. The calculation logic  of&nbsp;<em>Comparison Report<\/em>&nbsp;has now been changed accordingly.<\/p>\n<p align=\"justify\">The taxpayers are advised to go through instructions\/help text  carefully in GSTR-2B &amp;&nbsp;<em>System Generated<\/em>&nbsp;GSTR-3B pdf before filing  GSTR-3B. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>2023\/02\/gstn1802.png<\/p>\n","protected":false},"author":1,"featured_media":8717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8715"}],"collection":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/comments?post=8715"}],"version-history":[{"count":2,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8715\/revisions"}],"predecessor-version":[{"id":8719,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/posts\/8715\/revisions\/8719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media\/8717"}],"wp:attachment":[{"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/media?parent=8715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/categories?post=8715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.klickongstworld.com\/blog\/wp-json\/wp\/v2\/tags?post=8715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}