Key Highlights of GST Notifications and Clarification Circulars in February 2023

The impact of credit note and their amendments will now be auto-populated in
Table 4(A) instead of Table 4(B) of GSTR-3B. If the value of credit notes becomes
higher than the 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.

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