mandatory separate disclosure of ITC reversals under specific rules
one of the core reforms in the Central Goods and Services Tax (Third Amendment) Rules, 2025 (Notification No. 13/2025-Central Tax, dated 17 Sept 2025, effective 22 Sept 2025) is the mandatory separate disclosure of ITC reversals under specific rules — namely Rules 37, 37A, 38, 42, and 43 . 🔹 1. Rule 37 – Non-payment to supplier within 180 days What it covers: If payment (value + tax) to supplier not made within 180 days, ITC earlier availed must be reversed . New requirement: The amount so reversed must now be specifically reported under the “Rule 37” head in GSTR-9 / 9C. Any re-availment upon subsequent payment also to be shown distinctly. Impact: Enables tax officers to track “re-claimed” credits separately and match them to supplier payments. 🔹 2. Rule 37A – Supplier failed to file GSTR-3B What it covers: Introduced in 2022; if supplier doesn’t file GSTR-3B by 30 Nov following the FY, recipient must reverse the ITC claimed earlier. New require...
