GOODS AND SERVICES TAX RULES, 2017

INPUT TAX CREDIT FORMATS

Form GST ITC – 3

 (See Rule ___)

Declaration for intimation of ITC reversal/payment of tax on inputs held in stock, inputs contained in semi-finished and finished goods held in stock and capital goods under sub-section (4) of section 18

 

1. GSTIN   2. Legal name   3. Trade name, if any   4(a). Details of application filed to opt for composition scheme [applicable only for section 18 (4)] (i) Application reference number (ARN)   (ii) Date of filing   4(b). Date from which exemption is effective [ applicable only for section 18 (4)]   5. Details of stock of inputs held in stock, inputs contained in semi-finished or finished goods held in stock, and capital goods on which input tax credit is required to be paid under section 18(4).   Sr.No. GSTIN/ Registration under CX/ VAT of supplier *Invoice /Bill of entry Description of inputs held in stock, inputs contained in semi-finished or finished goods held in stock and capital goods Unit Quantity Code (UQC) Qty Value** (As adjusted by debit note/cre dit note) Amount of ITC claime (Rs.) No. Date CGST SGST UTGST IGST Cess 1 2 3 4 5 6 7 8 9 10 11 12 13 5 (a) Inputs held in stock (where invoice is available)                                                     5 (b) Inputs contained in semi-finished and finished goods held in stock (where invoice available)                                                     5 (c) Capital goods held in stock (where invoice available)                                                     5 (d) Inputs held in stock and as contained in semi-finished /finished goods held in stock ( where invoice not available)                                                     5 (e) Capital goods held in stock (where invoice not available)                                                     * (1) In case, it is not feasible to identify invoice, the principle of first in first out may be followed. (2) If Invoice is not available for certain inputs or capital goods, the value shall be estimated based on prevailing market price ** The value of capital goods shall be the invoice value reduced by five percentage points per quarter of a year or part thereof from the date of invoice 6. Amount of ITC payable and paid (based on table 5)   Sr.No. Description Tax payable Paid through Cash/ Credit Ledger Debit entry no. Amount of ITC paid standard CGST SGCT UTGST IGST Cess 1 2 3 4 5 6 7 8   9 1. CGST   Cash Ledger             Credit Ledger             2. SGST   Cash Ledger             Credit Ledger             3. UTGST   Cash Ledger             Credit Ledger             4. IGST   Cash Ledger             Credit Ledger             5. Cess   Cash Ledger             Credit Ledger             7. Verification I __________________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed there from. Signature of authorized signatory _______________________________________ Name _______________________________________ Designation/Status ____________________________ Date - dd/mm/yyyy Note: CGST stands for Central Goods and Services Tax SGST stands for State Goods and Services Tax UTGST stands for Union Territory Goods and Services Tax IGST stands for Integrated Goods and Services Tax Cess stands for Goods and Services Tax (Compensation to States)