The Goods and Services Tax Network (GSTN) has issued an important update regarding the introduction of negative values in Table 4 of GSTR-3B.
The changes have been made in accordance with the Notification No. 14/2022 – Central Tax dated July 05, 2022, which enabled taxpayers to accurately report their Input Tax Credit (ITC) availed, ITC reversal, and ineligible ITC in Table 4 of GSTR-3B.
Source: taxscan.in
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