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Capital Goods Clearance under EPCG SEZ Rules
Sep 19, 2023
48th GST Council meeting was held on 17th Dec 2022 via virtual modes. In the said meeting, it is was decided to provide a solution/relief in case of difference in Input Tax Credit (ITC) availed in FORM GSTR-3B Vs GSTR 2A for FY 2017-18 and 2018-19. Accordingly, the government has issued Circular No 183/15/2022 GST dated 27th Dec 2022 to provide procedure and clarification in this regard. This is a welcome circular and will help to address genuine hardship faced by taxpayers even though the tax is paid by the supplier and received notices in the below cases:
a) Tax paid by supplier but a mistake in GSTIN
b) Tax paid by supplier but shown in B2C
c) Tax paid by supplier but not reported in GSTR 1
d) Tax paid by supplier but GSTR 1 is not filed
In this article, we will discuss said circular and the relief provided
Sep 19, 2023
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