Negative Values Are Allowed To Be Reported On GST Portal

• GST portal started the reporting of negative values in the GSTR-3B. It is the summary return of the regular GST taxpayers.

• According to the changes the value in Tables 4A and 4D of the GSTR-3B can be negative.

• This advisory was issued by the GST Network at the portal; on 17th February 2023. The change is applicable from now onwards.

GST PORTAL 

• Currently, GSTR-3D allows credit number (CN) to auto-populate in Table 4B (2), ITC reversal.

• After the change, CN will be accounted for on a net basis in Table 4A, GSTR-3B.

• This change will allow taxpayers to easier reconcile in GSTR-9 while reporting annual returns.