Live Webinar
Masterclass for FY 2022-23 Closing: Your Comprehensive Guide to GSTR 3B changes and Reversal and Reclaim ITC Statement
We are thrilled to invite you to our exclusive LIVE Webinar where our expert panel will deep dive into GSTR 3B ITC Reporting. Join us for this masterclass where you will get a comprehensive guide to navigate the intricate world of GSTR 3B changes and Reversal and Reclaim ITC Statement.
26th October, 2023 at 11 AM IST
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What’s covered in the session?
Deep dive in GSTR3B ITC Reporting- Reversal and Reclaim ITC statement
- Technology’s role in accurate GSTR 3B ITC reporting
- Recommendations and to-dos for ITC data preparation in GSTR 3B and GSTR 9
- Noteworthy developments to monitor
Plus, we’ll host a live Q&A session at the end to address all your queries.
Are You Ready for a Proactive Approach to GSTR 3B?
Some of the changes that the government introduced this year are
- In an effort to streamline the newly introduced categories: eligible, ineligible, reversed, and reclaimed in Table 4 of GSTR 3B, the GST portal introduced a novel ledger known as the Electronic Credit and Reclaimed Statement (ECRS) in September 2023. The immediate next step for taxpayers involves the reporting of their accumulated ITC reversed balance before FY 2022-23 closing in October 2023 GSTR 3B filing – which is a one-time requirement.
- The impact of credit notes and their amendments is now auto-populated in Table 4(A) of GSTR-3B. Earlier, credit notes were auto-populated in Table 4B(2) as ITC reversal.
- Due to the change mentioned above, the values in Table 4(A) can now be negative. This is to account for cases where the value of credit notes exceeds the total of the invoices and debit notes combined.
- Table 4D(2) includes reporting ITC ineligible u/s 16(4) and intra-State supplies where the recipient is located in a State/UT other than that of the supplier. Negative values allowed in ITC available i.e. Table 4(A) and 4(D)(2) i.e. ITC ineligible. For ITC reversal 4(B) and reclaim 4(D)(1) negative values are not allowed to be reported.
Our panel of industry experts will guide you through a comprehensive exploration of the latest developments and recommendations for seamless 3B and GSTR 9 preparation. Don’t miss this opportunity, click the link below and register today!
Know Your Hosts!
Ashwini Gorhe
Ashwini is Product Manager at IRIS Business Services Ltd having 12 years of experience. She is Chartered Accountant by profession.
As a Product Manager, Ashwini plays a pivotal role in shaping the company’s GST product roadmap. Her responsibilities include in-depth research on market trends, understanding the complexities of Goods and Services Tax (GST) regulations, and translating this knowledge into product-level business strategies and validation rules.
Apart from her strategic contributions, Ashwini is actively involved in providing hands-on assistance to clients, offering solutions to critical GST-related queries. Ashwini frequently conducts product demonstrations, guiding taxpayers on how to leverage the IRIS GST offerings to enhance their productivity and ensure GST compliance with ease.
Recognizing the importance of educating taxpayers on the ever-evolving GST landscape, Ashwini takes the initiative to run various webinars focused on topics like e-invoicing and updates on GST.
As a Product Manager, Ashwini plays a pivotal role in shaping the company’s GST product roadmap. Her responsibilities include in-depth research on market trends, understanding the complexities of Goods and Services Tax (GST) regulations, and translating this knowledge into product-level business strategies and validation rules.
Apart from her strategic contributions, Ashwini is actively involved in providing hands-on assistance to clients, offering solutions to critical GST-related queries. Ashwini frequently conducts product demonstrations, guiding taxpayers on how to leverage the IRIS GST offerings to enhance their productivity and ensure GST compliance with ease.
Recognizing the importance of educating taxpayers on the ever-evolving GST landscape, Ashwini takes the initiative to run various webinars focused on topics like e-invoicing and updates on GST.
Shilpa Dhobale
Shilpa Dhobale is a Management Accountant and holds a Master’s degree from Mumbai University with specialisation in accounts. Shilpa is currently spearheading the GST functional team at IRIS bringing her deep domain experience to product design and development. Shilpa started her career with IRIS in 2005 and has played a significant role in setting up the Consulting Practice in IRIS. Over her 13+ years in the area of information standardization, she has worked with several regulators to formulate and roll out their digital reporting strategies.
Register to our LIVE Webinar and learn how you can tackle all the present and future compliance issues seamlessly!
Be at the forefront of all the latest changes, enhance your understanding of GSTR 3B intricacies and position your business for success. Register today to secure your place in this must-attend masterclass. Don’t let this opportunity pass you by – sign up now!
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