Goods and Services Tax : Learn about GSTR-1A, its purpose, filing requirements, and impact on GST compliance. Discover how it helps correct errors in previ...
Goods and Services Tax : Learn what GSTR-1A is, who should file it, key features, and its impact on GSTR-2B and GSTR-3B. Understand the filing process and ...
Income Tax : Explore the Union Budget 2024-25's key GST proposals, including ITC amendments, changes in appeal processes, and more. Discover ho...
Goods and Services Tax : Explore how to effectively respond to GST notices concerning discrepancies between GSTR-2A and GSTR-3B. Understand key legal point...
Goods and Services Tax : Discover the significant GST budget amendments for 2024, including changes in levy provisions, demand recovery, ITC availment, and...
Goods and Services Tax : CBIC detected Rs. 36,374 crore worth of fake ITC in FY 2023-24 involving 9,190 cases. Key measures and data on ITC fraud detection...
Goods and Services Tax : Bikaner Tax Consultants Association seeks an extension of the Income Tax Return filing deadline due to ITD portal glitches and iss...
Income Tax : Addressing glitches in ITD portal, the Association of Tax Lawyers requests an extension for the ITR filing deadline due to signifi...
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 : Explore how the Ministry of Finance unearthed Rs. 44,000 crore bogus input tax credit claims in GST. Details of measures taken to ...
Goods and Services Tax : Madras High Court orders reconsideration of Silk Junction vs Deputy State Tax Officer case over GSTR 1 and e-way bill mismatch....
Goods and Services Tax : Madras HC remands GST order for reconsideration, requiring 10% tax payment within 15 days and a reply to the show cause notice bef...
Goods and Services Tax : HC sets aside tax order, allowing petitioner to submit a response and remit 10% of the disputed amount. New decision to be issued ...
Goods and Services Tax : Madras High Court remands GST demand order for Santhinarayanan Santhoshkumar, imposing a Rs. 1.5 lakh pre-deposit condition and al...
Goods and Services Tax : Orissa High Court quashes ex parte order under CGST/OGST Act, citing lack of personal hearing and violation of natural justice in ...
Goods and Services Tax : Learn about the re-filing of GSTR-3B for taxpayers, its advisory, process, and how to correct discrepancies in ITC availment and t...
Goods and Services Tax : Stay updated with the latest Ministry of Finance notification (No. 07/2024) regarding the Nil interest rate for specified register...
Goods and Services Tax : Stay informed about the latest tax updates! Read about the extension of the GSTR-3B filing deadline for November 2023 in specific ...
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...
Today, we’re diving deep into the intricacies of Rule 88D from the CGST Rules, 2017. So, what’s the fuss all about? Rule 88D has ushered in a new era on the GSTN Portal, focusing on the correlation between Input Tax Credit (ITC) as per Form GSTR-2B and Form GSTR-3B. If your claimed ITC in the 3B form surpasses the limits defined by the Council, compared to what’s available in the 2B form, it’s time to brace yourself.
Explore history of GSTR-3B due dates for GST filing. Stay compliant to avoid penalties. Check comprehensive timeline of GSTR-3B due dates since inception.
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.
HC set aside demand raised on ground that assessee instead of passing ITC through Form GST ITC-02 transferred ITC through Form GSTR-3B and held that the stand of Revenue Department was not correct since Form ITC-02 was not live on common portal.
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.
Discover the implications of a recent AP High Court judgment on input tax credit (ITC) under APGST and CGST Act. The analysis delves into two critical issues: the time limit for claiming ITC and the constitutional validity of these restrictions. Explore the court’s examination of Sections 16(2) and 16(4) of the CGST Act, addressing whether the non-obstante clause in Section 16(2) overrides Section 16(4).
High Court of Andhra Pradesh confirms the constitutional validity of Section 16(4) of the APGST and CGST Act, 2017, regarding Input Tax Credit. Learn about the court’s rulings on key questions.
