- The GST taxpayer is advised to restrict their claim of input credit based on the entries available in GSTR 2B for the particular month.
- GSTR 2B is a register with a cut off date of 12th of every month and the same includes GST input of previous months and the current month.
- For April 22, we can see GSTR 2B which contains details of previous months and not current months.
- GSTR 2A for April 22 is available with input credit of the current month.
- The GSTN had issued an advisory for the present technical glitch and advised to claim input credit based on the credit available in GSTR-2A.
- by doing this, GST taxpayers can claim only input entries available for the current month and are not able to claim input credit of the previous month for which entries are available in GSTR 3B.
- it is advisable to add GSTR 2A & 2B and then claim the consolidated amount.
Tuesday, 17 May 2022
Do not claim less GST input for the month of April 2022
Subscribe to:
Post Comments (Atom)
Recent Income Tax Rulings
I. International Taxation & Treaty Jurisprudence The Tiger Global Ruling: A Watershed Moment Perhaps the most significant developm...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Section 68 -Cash credits Section 69 -Unexplained investments Section 69A - Unexplained money, etc Section 69B -Amount of investme...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
There are certain changes in India's tax rules for TDS on payments made to non-residents. The Income Tax Act, 2025 ('ITA 2025'...
-
Recent judicial pronouncements across different forums have clarified several important aspects of Indian income tax law, particularly relat...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
Ahmedabad Tribunal Special Bench has ruled that corpus distributed on dissolution of an offshore discretionary trust to resident Indian be...
-
The Income Tax department has been modified the Form No. 15G & 15G as per amended notification No. 11/2013 [F.NO.142/31/2012-SO(TPL)]/...
-
Vide Notification issued u/s 139(1), the CBDT has extended the ‘due date’ for filing of returns of income for the Assessment Year 2012-13 ...
No comments:
Post a Comment