GSTR-2B

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GST Portal Update: Availing ITC As Per Law And GSTR-2B

Official GST Portal has posted an update that: For some of the taxpayers, there was an issue in relation to duplicate entries in GSTR2B which has since been fixed and correct GSTR2B has been generated. In this regard, taxpayers while filing GSTR3B are advised to check and ensure that the value of ITC they are …

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Big Update On GSTR-2B For April 2022

Official account of GSTN Portal, GST Tech has tweeted that: GSTR2B is now available for April 2022 It may be noted that only if the taxpayer, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B has not saved any data in GSTR3B for that tax period. 2.) The auto population of ITC …

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Very Important Point To Keep in Mind While Availing Self- Assessed ITC From GSTR-2A

GSTN has posted an advisory on 15th May 2022 that GSTR-2B for April 2022 is not showing the invoices related to April 2022. Technical team is working on it. But as a temporary measure, taxpayers can avail ITC from GSTR-2A as per self-assessment basis. Points to Keep in Mind While Availing ITC From GSTR-2A As …

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Professionals Are Questioning The Authority Of GSTN After Issuance Of Advisory For GSTR-2B

GSTN has issued advisory on GSTR-2B for the month of April 2022 on 15th May 2022. To read the advisory, Please Click Here In this advisory, GSTN has advised taxpayers to avail ITC as per GSTR-2A on self assessment basis till the technical team is resolving the issue of missing entries in GSTR-2B. After this …

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Breaking: GSTN Issues Advisory on GSTR-2B For April 2022

1.) It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in GSTR-2A of such recipients. 2.) The technical team is working to resolve this issue for the impacted taxpayers and generate fresh GSTR-2B at the …

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Read What Professionals Are Saying About Non-Availability Of GSTR-2B

GSTR-2B for April 2022 is showing data till the month of March 2022. i.e. Data for April 2022 are missing in April 2022 GSTR-2B. This is due to technical glitch in the GST Portal. So, read what professionals are saying about non-availability of GSTR-2B: CA Bimal Jain has tweeted that “When Taxpayers liable to pay …

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Proposed Changes in GST in Budget 2022

Proposed Changes in GST in Budget 2022

Proposed changes in GST in Budget 2022 1.) A new clause to Section 16(2) of CGST Act, 2017 is inserted to provide that Input tax Credit with respect to a supply can be availed only if such credit is not restricted by the GSTR 2A/2B returns. Further, Section 16(4) of CGST Act 2017, is amended …

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Alert: Be Careful While Filing GSTR-1 And GSTR-3B

Alert: Be Careful While Filing GSTR-1 And GSTR-3B

The government is tightening the screws on taxpayers who are reporting turnover in GSTR-1 but not paying tax through GSTR-3B or claiming more input tax credit as available in GSTR-2A/ 2B. In this series, the government has now incorporated the facility in GST portal to view individual month difference and cumulative difference in output tax …

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Received Notice For Reversal Of ITC On The Basis Of GSTR-2B? Read This Article!

Received Notice For Reversal Of ITC On The Basis Of GSTR-2B? Read This Article!

Assessments made on the basis of GSTR-2B (up to 31st December 2021) may be denied on the ground of section 164(3) of CGST Act. Section 164(3) states that Government has the power to give effect to rules not earlier than the date on which the provisions of this Act come into force. Section 16(2)(aa) is …

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Alert: Government Abolished GSTR-2A. Check Details Here

Alert: Government Abolished GSTR-2A [Read Notification]

Vide Notification No. 40/2021- Central Tax, Dated 29th December 2021, the government has amended Rule 36(4) of the CGST Rules w.e.f 1st January 2022. Amended rule reads as follows: “(4) No input tax credit shall be availed by a registered person in respect of invoices or debit notes the details of which are required to …

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Tax Concept'

Tax Concept’s Letter to Hon’ble Prime Minister for Serious Issues Regarding GST

Tax Concept’s Letter to Hon’ble Prime Minister for Serious Issues Regarding GST Date : 11.10.2020 Ref.: TC/20-21/1 To, Hon’ble Prime Minister, Government of India, New Delhi Subject : To attract your kind attention on Serious Issues regarding GST Hon’ble Sir, GST was introduced in India to simplify the Indirect Tax Structure and to promote Ease …

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GST Offline Tool for Comparing ITC between GSTR-2B and Purchase Register

GST Offline Tool for Comparing ITC between GSTR-2B and Purchase Register

GST Offline Tool for Comparing ITC between GSTR-2B and Purchase Register GSTN has made available an Offline Tool on GST Portal, through which the taxpayer can compare the ITC as auto-populated in GSTR-3B and as recorded in purchase register. The requirements, features and steps to use the Offline Tool are as under: (1.) To use …

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