Key Pointers –

• According to Rule 37(A) of CGST Rules, 2017, the taxpayer is required to reverse the amount of ITC availed on such invoice or debit note, the details of which have been furnished by their supplier in their GSTR-1/IFF but the return in FORM GSTR-3B for the said period has not been furnished by their supplier till the 30th day of September following the end of financial year.
• The said amount to be reversed while furnishing the return in FORM GSTR-3B on or before the 30th day of November following the end of such financial year, as part of this legal obligation.
• For the ease of taxpayers, the amount of ITC required to be reversed on account of Rule 37(A) as been computed from system and has been communicated to the concerned recipient on the registered email id of the taxpayer.
• The Taxpayers are required to reverse such ITC as per rule 37A of CGST Rules before 30th of November, 2023 in Table 4(B)(2) of GSTR-3B while filing the concerned GSTR-3B.

https://www.gst.gov.in/newsandupdates/read/613