ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...
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GST taxpayers can't claim pending input tax credit if GSTR 3B is not filed by this date for FY 2023-24"Accordingly, pending ITC pertaining to FY 2023-24 can only be claimed up to November 30, 2024, i.e. filing of October 2024 GSTR-3B return," she says. According to a circular by the Ministry of ...
The Finance Bill 2025 proposes 11 significant amendments to GST provisions, addressing anomalies and introducing new mechanisms. Effective April 2025, input tax credit (ITC) distribution by input ...
restricting the editing of values auto-populated in GSTR-3B from GSTR-1 and creating a distinction between permanent vs. Temporary ITC reversal," Mohan added.
Additionally, the deadline for monthly taxpayers to file GSTR-3B returns has been pushed to ... preventing buyers from claiming their Input Tax Credit (ITC) and potentially forcing them to pay ...
This is because the deadline for filing GSTR-1 was extended by 2 days from ... document which allows buyers to claim Input Tax Credit (ITC). The draft GSTR-2B form will be automatically generated ...
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