CBIC Introduces Negative Values in Table 4 of GSTR-3B


CBIC vide notification dated 17/02/2023 have made following clarifications regarding filing Form GSTR 3B:

  1. 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.
  2. 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.
  3. The calculation logic of Comparison Report has now been changed accordingly.

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