WebDec 10, 2024 · Important Features of the GSTR-8 Return Form. Every registered E-commerce operator must file GSTR-8. Compulsorily, every E-commerce operator must file GSTR-8 on or before the 10th of the coming month of a tax period. In part D of GSTR 2A, the details of the GSTR-8 which is filed by the E-commerce operator is present. WebJun 29, 2024 · GSTR 2A Due-date. GSTR 2A means a statement of Input Tax credit and you need not have to file GSTR 2A legally. Thereby there is no such thing as GSTR 2A due date of filing. GSTR 2A Reconciliation. First Step in GSTR 2A reconciliation process: Downloading GSTR 2A; Login into the GST portal > Click on Return Dashboard; Select …
Matching of ITC vs. Non-Payment of GST by Supplier
WebDec 9, 2024 · GSTR-2A reconciliation is a process of matching the invoices available in the GSTR-2A with the invoices recorded by a business in its books. The GSTR-2A reconciliation process helps businesses to match the invoices and find out the discrepancies, if any. As a process, ITC reconciliation is done at a different frequency, mainly on a monthly or ... WebJan 1, 2024 · This strict measure has been taken to reduce fake invoicing. As suppliers keeps on filing GSTR-1 for passing of ITC and do not file GSTR-3B to avoid payment of GST Liability. However, w.e.f. 01.01.2024, GST portal will not allow filing of GSTR-1 if GSTR-3B of last month is pending. 10. Amendment in GST Rates instem lss north america ltd
Matching and Reconciliation under GST – Importance
WebForm GSTR-2A of a tax period is available for view/download only. 2. When can I as a taxpayer view Form GSTR-2A for a tax period? 1. Any/all invoices uploaded by supplier … WebJun 30, 2024 · CA Altamush Zafar (GST Consultant) (15264 Points) Replied 30 June 2024. GSTR-2A was introduced via Rule 60 and had been in existence legally since 1st July … WebJan 6, 2024 · The notification released by the Central government on 26th December, 2024 stats that, effective from the 1st January, 2024, “20 per cent” ITC for non-invoice GST returns will be replaced with “10 per cent” ITC. ... GSTR-2A gets auto-populated based on the detailed filled in GSTR 1 from suppliers end even after passing of due date ... j matthew taliaferro