Goods and Services Tax : Learn about the Input Service Distributor (ISD) mechanism under GST, its current clarifications, future changes, and how it impact...
Goods and Services Tax : Discover why Input Tax Credit (ITC) safety in GST is uncertain for businesses. Explore reasons, challenges, and proposed governmen...
Goods and Services Tax : Exploring whether buyers can claim Input Tax Credit (ITC) under GST if suppliers fail to file returns. High Court rulings and impl...
Goods and Services Tax : Telangana AAR rules ITC claims depend on conditions met, not GSTR-2B auto-population. Learn about the Noori Travels case and its i...
Goods and Services Tax : Maximize GST compliance and optimization for FY 2024-25 with this comprehensive guide. From LUT renewal to ITC reconciliation, ens...
Goods and Services Tax : Explore the impact of the 53rd GST Council Meeting recommendations, including waivers on interest and penalties under Section 73, ...
Goods and Services Tax : AGFTC & ITBA highlight issues with GST portal downtime on 10th and 11th April 2024, urging prompt action from authorities....
Goods and Services Tax : Explore latest GSTN advisory on DRC-01C compliance for managing input tax credit discrepancies in GSTR-2B and GSTR-3B. Learn the r...
Goods 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 ...
Goods 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 ...
Goods and Services Tax : Kerala High Court held that Section 149 of the Customs Act is an additional remedy available to the person who seek amendment of t...
Goods and Services Tax : Madras High Court sets aside an order confirming Input Tax Credit (ITC) demand against Sanjai Gandhi without providing him a reaso...
Goods and Services Tax : Dive into the case of Subh Sri Agencies Vs Deputy State Tax Officer where the High Court addresses discrepancies in GST returns du...
Goods and Services Tax : Read the full text of the judgment/order of Madras High Court regarding discrepancies between GSTR 3B & GSTR 2B, where the court r...
Goods and Services Tax : Kerala High Court's ruling in Mina Bazar vs. State Tax Officer-1 emphasizes that Input Tax Credit (ITC) cannot be denied solely du...
Goods and Services Tax : Rule 37(A) of CGST Rules! Learn about ITC reversal obligations, deadlines, and process. Team GSTN provides essential guidance for ...
Goods and Services Tax : Advisory on how to resolve Input Tax Credit (ITC) mismatches between GSTR-2B and GSTR-3B using new GST DRC-01C. Take action to avo...
Goods and Services Tax : Explore latest GSTN advisory on DRC-01C compliance for managing input tax credit discrepancies in GSTR-2B and GSTR-3B. Learn the r...
Goods and Services Tax : It has been noticed that in a few cases, certain records are not reflected in GSTR-2B statement for the period of April 2022. Howe...
Understand the discrepancies and mismatches between GSTR-2A, GSTR-2B, and GSTR-8A in the GST system. Learn the reasons, implications for taxpayers, and how to reconcile to ensure accurate input tax credit claims, avoid compliance issues, and maintain healthy cash flow.
Understand the impact of Rule 88D and Form DRC-01C in dealing with differences between GSTR-2B and GSTR-3B. Learn about the notification, process, and implications for businesses. Stay compliant with the latest Central Goods and Services Tax (CGST) Rules, 2023.
Overview of CGST Rule 88D & Form GST DRC-01C introduced in 2023. Understand how to deal with mismatches in Input Tax Credit (ITC) and the associated actions.
Explore the new Rule-88D handling mismatches in ITC between GSTR-2B/3B. Learn about DRC-01C, applicable taxpayers, and procedures under GST Notification 38/2023.
Under Rule 88D, the GST portal will now compare the ITC available in GSTR-2B with the ITC availed in GSTR-3B. If the ITC availed in GSTR-3B exceeds the ITC available in GSTR-2B by the prescribed amount and percentage recommended by the council, the taxpayer will receive an electronic intimation of the difference through Part A of Form DRC-01C. The taxpayer will also receive a copy of the intimation via email.
In-depth analysis of Rule 88D – the new regulation for handling differences in GSTR-3B v GSTR-2B, including its effects on taxpayers.
This tool is created to help the professionals and article trainees in consolidating GSTR-2B (Excel files) at one click. Please follow the short procedure mentioned below Download GSTR-2B Excel files from GST Portal. Save all the downloaded GSTR-2B excel files at one location. (In one single folder) It can open multiple files (even with different […]
GST TaxPayers are facing difficulty for GSTR 2B ITC Vs Book ITC reconciliation due to Invoice No / Invoice Date / GSTN / Invoice value Clerical mismatches. Herewith attached the Utility is giving Quick & Perfect Reconciliation results irrespective of Clerical mismatches. This Utility has a Duel Reconciliation method to find the Matches between Unmatched Invoices. […]
Navigate the complexities of Reverse Charge Mechanism (RCM) transactions in GST returns with this comprehensive guide. Understand the reporting procedures for both suppliers and recipients, ensuring accurate filing and reconciliation. Learn step-by-step details for reporting RCM transactions in GSTR-1, GSTR-3B, and GSTR-9 for suppliers.
Main source of FORM GSTR-2B is Rule 60(7) of CGST Rules which specify that an auto-drafted statement containing details of input tax credit shall be made available to registered person in FORM GSTR-2B, for every month electronically through common portal.
