WebJul 8, 2024 · It should be stated that the department should have reason to believe that a fraudulent or end ineligible ITC has been availed. Just due to a prima-facie mismatch in ITC availed in GSTR3B vis-à-vis ITC available in GSTR2A, if ITC has been blocked, the same may also be contested as per the case laws cited above. 2. WebSep 23, 2024 · 1. Last chance to avail any pending ITC of FY 2024-21. In terms of Section 16(4) of the CGST Act a registered person shall not be entitled to take Input Tax Credit (“ITC”) in respect of any invoice or debit note for supply of goods or services or both, after the due date of furnishing of the Form GSTR-3B for the month of September following …
What is GSTR-3B? Format, Eligibility & Rules - Tax2win
WebApr 19, 2024 · ITC claimed in GSTR 3B should ideally match with ITC available on all the purchases made by the recipient. A mismatch between GSTR 2A and GSTR 3B may arise due to following reasons : (a) The supplier has not uploaded invoices for which the recipient have already claimed input tax credit by submitting the tax summary in his GSTR 3B return. WebAug 18, 2024 · Late Fees under Section 47 of the CGST Act, 2024 – Starts Immediately after due date Late fees is the first consequence you will face for non filing of GSTR 3B. The late fees will increase everyday until it hits the capping limit. The fee will automatically be added in the next month’s GSTR 3B. svjetioničar
Draft Reply To Advisory Received For Reversal / Recovery Of ITC
WebLate remittance of employees' contribution to P.P. & E.S.LC. u/s. 36(l)(va) r.w.s. 2(24(x) - disallowance under section 143(1)(a) - HELD THAT:- ITAT held that disallowance under section 143(1)(a) was valid in view of Supreme Court's decision in case of Checkmate Services (P.) Ltd. [2024 (10) TMI 617 - SUPREME COURT] and the assessee will not be … WebFeb 23, 2024 · The rule states that the provisional tax credit (without invoices on GSTR-2B) can be claimed in the GSTR-3B to the extent of 5%* of eligible ITC reflected in the GSTR … WebMar 18, 2024 · Late Fees: Return Filing Date: Remark: GSTR 3B ... ITC taken in GSTR 3B from Feb - Aug 2024: C: 1300: Maximum ITC allowed to be taken in Sept 2024: D - B - C: 240: ITC as per Books in GSTR 3B in Sept 2024: E: 280: ITC to be availed in Sept 2024: F = min (D, E) 240: Due date of other compliances extended to 30th June 2024. svjetina