Navigating ITC Double Claiming Risks Post-GSTR-2B Introduction: A Guide for GST Compliance ...
The ITC was denied because the petitioner filed GSTR-3B returns beyond the due date stipulated in Section 16(4) of the WSBGST/CGST Act, 2017. The petitioner challenged the order passed under Section ...
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2 days delay in input tax credit: Buyers will have to wait longer for GSTR-2B statement; use recompute option in this caseRecipients then reconcile this data with their purchase records to claim ITC in their GSTR-3B returns, which are typically due by the 20th. This process provides a crucial six-day window for ...
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Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayersReject: Rejected invoices (towards ineligible credits) are moved to the "ITC Rejected" section in GSTR-2B and do not auto-populate in GSTR-3B. Pending: Pending invoices remain on the dashboard for ...
This is in relation to the violation of excess input tax credit (ITC) of Rs 4.42 crore, which the company claimed in GSTR – 3B, which is beyond the available ITC in GSTR – 2B of October, 2024. "The ...
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