On another note, auto-drafted returns such as form GSTR-2A and GSTR-2B will help taxpayers to claim their eligible input tax credit via their GSTR-3B. Now, let us look at the GST Compliance Calendar for January 2021, here is a comprehensive image of our GST Compliance Calendar for the...
Provisional ITC: As per GST notification 39/2021, taxpayers can claim ITC only if the same invoice/debit note is reflected in GSTR 2A/2B. To explain even further, if you have an invoice in your purchase register and the same is not uploaded by your vendor in their GSTR 1, you cannot...
Reconciliation of GSTR 2A & 2B is an amazing feature. Up until now, we were performing manual reconciliation but thanks to Tally, the reconciliation process will be automatic. Manish Jain Mani Infotech TallyPrime is user-centric software that has been built by keeping users’ ease of navigat...
How to View GST ITC In GSTR-2A? Goods & Services Tax is indubitably a tax-friendly reform that has truly enhanced the ease of doing business. An average merchant having a GST registration might have to view in the GST returns filed, in order to make some types of changes in his return...
The CBIC has issued a new notification requiring taxpayers to reconcile input tax credit (ITC) using GSTR-2B data instead of GSTR-2A in Form GSTR-9. Read PDF 08th October 2024 The CBIC has shared many new central tax notifications related to section 73, GSTR-7, incorrect ITC, etc. Cl...
What is GSTR-2A Reconciliation? Read More→ GST Return Filing for Businesses with Multiple GST Registrations Read More→ COVID-19 Relief Measure- Revised Due Dates, Waiver of Late Fees and Interest Read More→ COVID-19: Here’s How the GST Compliance Calendar Looks Like Post the Pandemic ...
GSTR-2B/2A revealed disparities in the input tax credit claims made in GSTR-3B. It has been more than six continuous months since the filing of GSTR-1 and GSTR-3B was supposed to be done last year. In line with this, inconsistencies between what is declared on GSTR-1 and the EWB...
be uploaded at gst.gov.in, which is the government of India's GSTN portal. Upload invoices that were made on paper into the system before you file them using Excel. Using heuristics to find the real difference between purchases and bills from suppliers makes it easy to reconcile GSTR-2A....
Some common forms include GSTR-1, GSTR-2A, GSTR-3B, and GSTR-4, each serving a different purpose and having a specific due date. Failure to file GST returns on time will result in interest and late fees as per GST laws and regulations. GST Registration Fees GST registration fees can...
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