CBIC Mandates Furnishing Of Correct Information Of Inter-State Supplies And ITC Reversal In FORM GSTR-3B And FORM GSTR-1

The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular mandating the furnishing of correct and proper information on inter-State supplies and the amount of ineligible/blocked Input Tax Credit (ITC) and reversal in return on FORM GSTR-3B and statement on FORM GSTR-1.Over time, the procedure of submitting returns has been streamlined. With effect from December 2020,...