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GST Registration to be cancelled if ITC taken in GSTR-3B varies more than 10% with GSTR-2B



The Goods and Services Tax Network (“GSTN”) has issued an update w.r.t. GST Registration to be cancelled if Input Tax Credit (“ITC”) taken in GSTR-3B varies more than 10% with GSTR-2B.


Registration can be suspended as the percentage difference in liability declared in GSTR-3B varies more than 10% with that declared in GSTR-1 or the ITC claimed in GSTR-3B varies more than 10% with the values auto-populated from GSTR-2B on the basis of GSTR-1 filed by suppliers.


CA Sarthak Agarwal has more than 9 years of experience in Indirect Taxation – GST, Service tax, Excise, Customs, VAT/CST, DGFT matters, etc.

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