Goods and Services Tax - With the help of GSTR-2A and GSTR-2B, the registered person reconciles its purchase invoices with the available Input Tax Credit (ITC) reflecting in GSTR-2A and GSTR-2B. For this purpose, we need to understand both GSTR-2A & GTSR-2B. GSTR-2A and GSTR-2B are two auto-populated returns, which are implemented by the GST (Goods and Servic...
Read MoreGoods and Services Tax - This Article answers your queries related to GSTR 3B and explains Due date for GSTR 3B for April 2022, Due date for PMT 06 for QRMB taxpayers for April 2022, Which ITC shall be considered, GSTR 2B or GSTR 2A and What shall be done if you have already filed GSTR 3B and taken ITC […]...
Read MoreGoods and Services Tax - This articles is in continuation of my previous article Invoices Not Reflecting In GSTR 2B for April 2022 1 – Withdrawal of Advisory Issued by GSTN on 15th May 2022 In the previous article I have informed about the advisory issued by GSTN in case of incomplete GSTR 2B for the month of April 2022. […]...
Read MoreGoods and Services Tax - आइये पहले हाल ही की घटनाओं की चर्चा करें . अभी आपने देखा होगा कि जीएसटी के मुख्य रिटर्न के आधार जीएसटीआर- 2 बी निर्धारित तिथि पर साईट ...
Read MoreGoods and Services Tax - This article is very important for the taxpayers who are facing issues in their GSTR 2B for the month of April 2022. Though few of the taxpayers also faced some issues while filing GSTR 1 for the month of April 2022 but somehow the portal handled is really well and managed all the queries and […]...
Read MoreGoods and Services Tax - It may be noted that, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B only if the taxpayer has not saved any data in GSTR3B for that tax period. 2. The auto population of ITC in GSTR3B will not happen for those taxpayers who have already saved data in GSTR3B. In such […]...
Read MoreGoods and Services Tax - Considering the difficulties faced by taxpayers in filing their GSTR-3B for the month of April 2022, a proposal to extend the due date of filing GSTR-3B for April 2022 is under active consideration....
Read MoreGoods and Services Tax - Problems That Taxpayer May Face Due To Recently introduced amendment allowing credit in GSTR 3B only if the same appears in GSTR 2B and due to Visit by GST authorities and attachment of Bank Accounts/Property....
Read MoreGoods and Services Tax - Rule-60(7) of CGST Rules-2017 prescribes for generation of auto-drafted statement containing the details of input tax credit in FORM GSTR-2B for counter-party recipients. As per Rule-60(8) of CGST Rules-2017, FORM GSTR-2B shall be made available to the recipients after the Due date of filing GSTR-1/IFF by the suppliers. Notification No. 1...
Read MoreGoods and Services Tax - As the last date of filing GSTR-1 for April, 2021 has been extended up to 26th May, 2021 and IFF up to 28th May, 2021, the GSTR-2B for April, 2021 shall be generated on 29th May, 2021. Source- https://www.gst.gov.in/...
Read MorePress Release No. 542 - (13/05/2022) - It has been noticed that in a few cases, certain records are not reflected in GSTR-2B statement for the period of April 2022. However, such records are visible in GSTR-2A of such recipients....
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Press Release No. 542 - 13/05/2022