GST – ITC (INPUT TAX CREDIT): FY 2022-23 UPDATES
CLARIFICATION TO DEAL WITH ITC MISMATCH BETWEEN GSTR- 3B VS. GSTR-2A FOR F.Y. 2017-18 AND 2018-19 Circular 183/15/2022-GST is issued by the Central Board of Indirect Taxes and Customs (CBIC) to provide clarification on the input tax credit (ITC) mismatch between GSTR-3B and GSTR-2A for the financial years 2017-18 and 2018-19. Type of Cases due […]
GST Update – | Utilisation of ITC | Cash Payment |
The biggest GST amendment of 2020 was announced by the Government by the CGST Notification to restrict the use of 100% ITC balance for payment of monthly output liability. The summary of said provisions is given hereunder for your immediate reference and consideration. [Introduction of Rule 86B] With effect from the 1st day of January […]