Gstr 3b and gstr-1 mismatch notice

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August undefined, 2024

WebAug 20, 2024 · The issue often arises when the Department issues notices to the assessees seeking reply as to why there has been a mismatch of ITC as claimed in their GSTR-3B vs GSTR-2A/ 2B Failure of satisfactory reply, leads to ITC reversal along with imposition of interest and penalty by the Department. Legal Safeguards- WebApr 13, 2024 · Watch to Know..GSTR-3B and GSTR-1 Filing File GST Return yourself घर बैठे फाइल करें gstr 3b return filing,gst return filing,gstr-1 and gstr-3b nil filing...

GST Notices Types, Reasons, Late Fees Overview and Reply Format …

WebMar 16, 2024 · At the time of introduction of GST, it was decided to have three returns in a month i.e. return for outward supplies (GSTR-1), return for inward supplies (GSTR-2) and a combined return in Form ... WebHow to reply GST notice for discrepancy found in the return after scrutiny GSTR 3B and GSTR 2A Input tax credit Mismatch Notice recent rpgs tabletop

Penalty u/s 271(1)(c) not leviable as tax was payable on book …

WebResponse to the notice will be filed under GST-REG-26. This notice used to be issued in the initial phase of GST. GSTR-3A – It is issued for non-filing of GSTR-1 or GSTR-3B or … WebGSTR-3B vs GSTR-1: Comparison Reconciliation of GSTR-1 with GSTR-3B is needed to: Avoid interest & penalties due to the short payment of tax Know if any invoice is missed out on or duplicated Allow the recipient to claim an accurate input tax credit based on his GSTR-2A & GSTR-2B Stay GST compliant and improve the GST compliance rating! WebNov 6, 2024 · The taxpayer should be extremely alert while filing his GST returns to avoid the burden of unnecessary reconciliations and notice from GST Department. First of all, your sales/supply figures given in GSTR-1 should match with the sale/supply figures given in GSTR-3B, which is the main base of the GST. recent rule changes in mlb

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Know How to deal with Notices on Mismatch between GSTR 2A & GSTR 3B

WebNov 21, 2024 · I have received a notice from GST officer as NOTICE FOR INTIMATING DISCREPANCIES IN THE RETURN AFTER SCRUTINY. While going through my GSTR-3B and GSTR-1 returns it shows that the amounts are completely matched apart from the Non-GST sales which I have mentioned only in GSTR-1 in the Non-GST column. WebFeb 23, 2024 · What is the Notice for Mismatch of ITC in GSTR 3B and GSTR 1? The GST department may issue a notice to the dealer if the ITC claimed in GSTR 3B does not … unknown journeyWebThe government is sending out notices to taxpayers where discrepancies have been noticed in input tax credit between the GSTR-3B and GSTR-2A/2B. If your busi... unknown journal

"WebApr 10, 2024 · The first related to the mismatch of payment of taxes. The show-cause notice mentioned that the tax liability, as declared in the GSTR-1 did not match with the payment of tax in GSTR-3B. The concerned authority found that there was a difference of ₹14,916/-between the tax liability as declared in GSTR-1 and as paid under GSTR-3B. " - Gstr 3b and gstr-1 mismatch notice

Gstr 3b and gstr-1 mismatch notice

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WebApr 12, 2024 · There are some common issues and resolutions for Input Tax Credit for GSTR-9, that are listed below-: 1. Mismatch between GSTR 2A and GSTR 3B: One of the most common issues that businesses face while claiming ITC is the mismatch between GSTR 2A and GSTR 3B. GSTR 2A is an auto-populated return that contains the details … WebApr 8, 2024 · Returns filed by him: The recipient must file the required returns, such as GSTR-1 and GSTR-3B, to claim the input tax credit. ... In case of any mistakes Or differences between GSTR-3B and GSTR-2A/2B, the department may issue a notice to the taxpayer and seek an explanation. The taxpayer may be required to provide supporting …

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WebDec 30, 2024 · The recent CBIC Circular No. 183/15/2024-GST dt. 27.12.2024 dealing with the issue of mismatch of the input tax credit (ITC) claim made in GSTR 3B with GSTR 2A for FY 2024-18 & FY 2024-19 demonstrates the same mindset as it seeks to do something which should not be done at all. WebJan 3, 2024 · There have been multiple instances of ITC being passed on by the supplier vide GSTR-1 for which taxes have not been discharged through GSTR-3B. While some of the mismatches in GSTR-1 and 3B …

Webmismatch between GSTR 3B and GSTR 2A. This was due to non filing of the returns by the suppliers of the goods. He purchased the goods during the period of 2024-20 from various suppliers to be used in its projects and the suppliers issued invoices bearing GGST and CGST Act. He made payments through the bank of those invoices. 4. WebSep 30, 2024 · Rule 36 (4) of MGST Rules, 2024: Validity and Implementation. Rule 36 (4) of CGST Rules, 2024 introduced the matching of GSTR 2A with GSTR 3B on October 9, …

WebMay 16, 2024 · In this circular CBIC acknowledged that there may be some cases where a mismatch between GSTR 1 and GSTR 3B would be due to genuine reasons such as – … WebAug 14, 2024 · Form GSTR-3B is a monthly summary return filed by the taxpayer by the 20th of the next month or 22nd/24th of month following the quarter. Form GSTR- 2A is …

WebMar 6, 2024 · Turnover shown by them is different from your turnover declared in gstr 3b means there is any error in invoices or non declaration of invoices or error in gst rates, hsn codes, or place of supply. You have to rectify the turnover by amending invoices.

WebJan 3, 2024 · Comparing GSTR-3B with GSTR-1 is a much-needed process to be undertaken by every taxpayer in order to ensure that there are no variations or gaps, … unknown jpegWebFeb 21, 2024 · This is an important communication related to mismatch in GSTR 3b and GSTR 1. CBIC has released a caution via circular No.Circular No. 89/08/2024-GST. … unknown jsWebJan 9, 2024 · Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before … unknown json error: 5WebI have 7 years experience in (including of 3 years of acticleship). 1. Indirect Tax Laws (GSTR preparation and filing of GSTR-1, GSTR-3B, GSTR-9 and Reconciliation of GSTR-2A with books. Also done GST Audit for certification of GSTR-9C) 2. Direct Tax Laws (Preparation and filing of TDS (24Q, 26Q) & TCS (27EQ) Returns, ITRs and Advance … recent rulings by the supreme courtWebWatch to Know..GSTR-3B and GSTR-1 Filing File GST Return yourself घर बैठे फाइल करें gstr 3b return filing,gst return filing,gstr-1 and gstr-3b nil filing... recent runway closer due ti heatWebJan 8, 2024 · 4.1.2 In cases, where difference between the ITC claimed in FORM GSTR-3B and that available in FORM GSTR 2A of the registered person in respect of a supplier for the said financial year is upto Rs 5 lakh, the proper officer shall ask the claimant to produce a certificate from the concerned supplier to the effect that said supplies have actually ... recent ruling by the supreme courtWebJul 6, 2024 · [WPT No. 94 of 2024 decided on June 24, 2024] has granted stay on Recovery Order passed by the Revenue Department, denying Input Tax Credit (“ITC”) to the Company due to mis-match in two return forms i.e. Form GSTR-2A and Form GSTR-3B, on a condition of deposit of 5% of the demand by the Company. Facts recent running