Section 4A

In RET-1, the section 4 contains upward adjustments about input tax credit based on Work With Purchase Order Receipts For GST (P75I817) and Work With GST Ledgers Setup (P75I804).

This section contains details of ITC for below sections:

• Personal Consumption:

  This section displays the personal consumption data retrieved from the Work with Purchase Order Receipts for GST program (P75I817). Depending on the consumption quantity, the system displays the total taxable amount and the total ITC amount for each GST type (IGST, CGST, SGST, Cess) for adjustments.

• ITC Ledger Adjustments:

  This section displays the adjustment amounts that are retrieved from the GST Ledgers table (F75I823). You can use Work with GST Ledger Setup program (P75I804) for the ITC adjustments.

• Total of the above two fields

  This field displays the sum of the values displayed in the above two fields.