AdvertisementFAQ- Understanding ITC Reversal and Reclaim Mechanism under Table 4(B)(1), 4(B)(2) and 4(D)(1) of GSTR-3BThe content explains the distinction between ITC reversals reported in Tables 4(B)(1) and 4(B)(2) of Form GSTR-3B. So, the Excel utility itself clearly distinguishes ITC reversed under 4(B)(2) from ITC subsequently reclaimed. So the trail becomes:Original ITC → 4(B)(2) reversal → temporary reversal balance → 4(A)(5) reclaim + 4(D)(1) disclosureQuestion: Why was Table 4(D)(1) introduced by Government in Form GSTR-3B? Question: What is the important distinction between ITC reversals reported under Table 4(B)(1) and Table 4(B)(2)? In March, the taxpayer has ₹1,50,000 of genuine permanent ITC reversal, which is correctly reportable under Table 4(B)(1).