The issue concerns confusion regarding the purpose and sequencing of GSTR-1 and GSTR-3B filings. The key takeaway is that GSTR-1 should be filed first to ensure proper ITC flow and avoid ...

Earlier, the government appointed the former Planning Commission Member as head of the 15th Finance Commission. In a massive bonanza, the GST Council on November 10 made a slew of recommendations in ...

The article explains why buyers should avoid claiming ITC when purchase invoices are missing from GSTR-2B. It outlines the legal position, supplier follow-up process, and practical safeguards to ...

Starting July 2025, the GSTN will make the GSTR-3B form non-editable to enhance consistency and reduce revenue leakages. Taxpayers must use GSTR-1A to amend outward supplies before filing GSTR-3B.

GST or goods and services tax finally became a reality on July 1. In the run-up to the mega launch of GST, while various departments of the government worked to provide a seamless transition to the ...

The GST Council has introduced a key change in GSTR-9 reporting by adding a dedicated field in Table 6 to separately disclose Input Tax Credit (ITC) claimed from the previous financial year—a move ...

The GSTR-2B (input tax credit) statement will now be generated two days later on Thursday, January 16, from the originally scheduled date of January 14, for the December 2024 tax period. The draft ...

The GST Council has introduced a significant procedural change in the GSTR-9 Annual Return for FY 2024–25, aimed at improving accuracy and reducing ambiguity in Input Tax Credit (ITC) disclosures. The ...

AI Quick Read The Central Board of Indirect Taxes & Customs (CBIC) has waived the requirement of filing Annual Return in Form GSTr-9 for taxpayers with annual turnover up to ₹2 crore. In a tweet, CBIC ...