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The GST Portal secures a pre-filled GSTR-3B form, which automatically populates the tax obligation from the declared supplies in GSTR-1/GSTR-1A/IFF and the Input Tax Credit (ITC) from GSTR-2B. GSTN is improving the GST return filing process to assist taxpayers in filing their returns precisely and diminish manual errors. Also, the system generates a detailed PDF […]
A pre-filled GSTR-3B form has been introduced due to simplified GST filing, which simplifies the process and assists assessees in filing their GST returns precisely. GST Portal Pre-filled GSTR-3B The GST Portal auto-fills the GSTR-3B form: Main Objective to Pre-filled GSTR-3B Form The objective is to facilitate the return filing process for the assessees via […]
The Goods and Services Tax Network ( GSTN ) Under Rule 37A of the Central Goods and Services Tax Rules, has introduced a process for the reversal of Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) when the supplier is unable to file the GSTR-3B return within the GST Portal. […]
An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]
It was mentioned by the Kerala High Court that the taxpayer could not avail of the Input tax credit for the transportation services if the costs of it are not comprised in the assessable value of goods for the payment of central excise duty. It was marked by the Division Bench of Justices A.K. Jayasankaran […]
It was carried by the Kerala High Court that the initiation of an inquiry or the summons issuance u/s 70 of the CGST Act could not be regarded to be the initiation of proceedings for the objective of section 6(2)(b) of the CGST Act. The Bench of Justice Gopinath P. noted that the term ‘initiation […]
The assessees earlier were obligated to reconcile the Input tax credit claimed in FORM GSTR-3B with the information shown in FORM GSTR-2A as per sub-rule (4) was inserted into Rule 36 of the Central Goods and Services Rules, 2017 (“the CGST Rules”) w.e.f. October 09, 2019. Also, the same condition emerges as of the obligation […]
The Madras High Court has condoned the delay in a GST case that comprises of mismatch in Input Tax Credit ( ITC ) in GSTR 3B and GSTR 2A. On the foundation that the delay was beyond the condonable period, the appeal was rejected An order was contested by the appeal on July 12, 2024, […]
As per the senior government official, the Union Ministry of Finance is in a position to develop a process to validate the bogus Input tax credit (ITC). Towards the identical objective, the Central Board of Indirect Taxes and Customs (CBIC) and the Goods and Services Tax Network (GSTN) are collaborating to develop an ITC ledger. […]
