Scrutiny notices and intimations are floating in the recent times where department is alleging the taxpayers to reverse the excess input tax credit claimed in Form GSTR 3B as compared to credits appearing in GSTR 2A. What is the validity of such communications? Is the taxpayer legally required to reverse such credits? We will discuss the provisions of law to understand this much better.
Source Taxguru
Latest Posts in "India"
- Insurance Brokers Push for Zero-Rated GST to Restore Input Tax Credit and Prevent Premium Hikes
- Delhi High Court: ITC Re-credit Cannot Be Denied Due to GST Portal Technical Limitations
- Key GST and Customs Legal Updates: E-Filing, ITC, Refunds, and Recent High Court Judgments
- CBIC to Slash Customs Clearance Time to 1-48 Hours with New Integrated Digital System
- GSTAT E-Filing: Staggered Appeal Timelines and Limitation Rules Under Section 112 Simplified
