Introduction of Negative Values in Table 4 of GSTR-3B: GSTN Update

GSTN Update dated February 17th, 2023

The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 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. Currently in GSTR-3B, credit notes are auto-populated in Table 4B(2), as ITC reversal.

Now, the GSTN has issued an update to inform that the impact of credit note & 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.

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