Enhancements made in GSTR-3B during year 2023

The Goods and Services Tax Department made the GSTR -3B return filing made Easier with enhancement in Form GSTR-3B and the introduction of Electronic Credit and Re-claimed statement.

Enhancements in Form GSTR-3B are given below:

1. The GSTR-3B format on the portal has been updated to help taxpayers accurately report information on ITC availed, ITC reversal, and ineligible ITC in Table 4

2. A new ledger called the Electronic Credit and Re-claimed Statement was introduced to aid taxpayers in accurately reporting ITC reversal and reclaims. It helps track ITC reversed in Table 4B(2) and subsequently reclaimed in Table 4D(1) and 4A(5) for each return period, minimising clerical errors

3. Mechanisms prescribed for reversal and re-availment of ITC in case of non-payment of tax by the supplier.

It facilitates the taxpayers in correct and accurate reporting of ITC reversal and reclaim thereof and helps to avoid clerical mistakes.