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The Goods and Service Tax Network (GSTN) has issued the advisory in respect of introduction of compliance pertaining to DRC-01C (Difference in Input Tax Credit (ITC) available in GSTR-2B & ITC claimed...
The article discusses the newly introduced Rule 88D of CGST Rules which deals with mismatches between Input Tax Credit auto-populated in GSTR-2B and that reported in GSTR-3B by the taxpayer.
While the government has made e-invoicing mandatory for firms with turnover above Rs 5 crore, stakeholders say such firms would face challenges in implementing the technology.
The notification also mentioned that input tax credit (ITC) gets auto populated in GSTR-3B from GSTR-2B only if the taxpayer has not saved any data in GSTR3B for the tax period.
Government extends April GST payment deadline due to technical glitches on portal - CBIC tweeted that the due date for filing FORM GSTR-3B for the month of April 2022 has been extended till 24th May 2022.