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"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
