The Central Board of Indirect taxes and Customs (CBIC) has provided a circular concerning to essential filing of the correct and proper details of the inter-state supplies and the amount of the ineligible/blocked Input Tax Credit and reversal in return in FORM GSTR-3B and statement in FORM GSTR-1.
Board who has been issued a circular specifying that it is needed to have the correct reporting of the data that is to be performed by the enrolled individual in FORM GSTR-3B and FORM GSTR-1 to assuring that the correct amount and precise settlement of the funds between the central and the state governments. As per that the board specified some of the issues in the circular.
As per the issue of filing of the data for the inter-state supplies incurred to the unregistered individual, composition taxable persons, and UIN holders the same would be clarified that the details seek in table 3.2 of FORM GSTR-3B is would be needed to get filed, place of supply-wise, even though the details of said supplies are already part of the supplies declared in Table 3.1 of the stated FORM.
To assist the enrolled individual, table 3.2 of FORM GSTR-3B would get auto-populated on the portal relying on the information filed through them in their form GSTR-1. Any revision taken out in table 9 or Table 10 of FORM GSTR-1 or any entry in Table 11 of FORM GSTR-1 concerning these supplies must be given effect during reporting the figures in Table 3.2 of FORM GSTR-3B.
