Section

This change in GST annual return if not checked properly can result in input tax credit mismatch

By Economic Times - 11 hours ago
Goods and services tax: GST annual form GSTR-9 has a significant change which if not properly checked can result in input tax credit mismatch. ​Manmeet Kaur, Partner, Karanjawala & Co says: "Under the revised instructions, table 8A of GSTR-9 will now be based on GSTR-2B, replacing the previous reliance on GSTR-2A The input tax credit will be reported based on actual utilisation under table 6 based on returns filed under the same financial year."

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.