News Update

Karnataka IT Industries piling pressure on govt to extend working hoursStudy says earth’s water depleting fastMSMEs account for over 35% of manufacturing output: SurveySurvey proposes sunset clauses for MSMEs' incentivesSex ratio improves from 918 to 930: SurveyServices sector accounts for 55% of India's GDP: SurveyIndia achieves NDC target of reducing carbon intensity much in advance: SurveyGovt adopting building information modelling to reduce project delays: SurveyIndia's vision is - development as well as heritage - 'Vikas bhi Virasat bhi': PMNipah virus: Immediate public health measures advised to contain diseaseFDI inflows slide to USD 26.5 bn in 2024 from USD 42 bn in 2023: Economic SurveyEconomic Survey projects GDP growth rate of 6.5% to 7% in current fiscalSC stays UP Govt order for eateries to display names of ownersPM appeals to all MPs - Let’s work unitedly for IndiaRSS hails Centre’s decision to allow govt employees to attend RSS meetingsAppeal on Denial of Cross ExaminationBiden decides to exit Presidential race; backs Kamala Harris as party nomineeIncome-Tax conducts Taxpayers Outreach Program at RINL, VizagNippon Steel hires Mike Pompeo to lobby for US Steel purchaseScindia releases 'The Future is Now' as theme for India Mobile Congress 2024Houthis vow massive retaliation strike at IsraelDigboi Refinery capacity to expand to 1 Million Tonnes: SonowalChina, Philippines arrive at understanding in South China Sea disputeCentre discusses draft rules for measuring moisture level in cereal grains and oilseedsChina cuts interest rate to revive economyIndia Post recommends international Rakhi shipments by 31st JulyMega wildfire in Alberta & British Columbia in CanadaResidents in Spanish town protest against mass tourismKerala boy infected by Niaph virus is dead: Health Minister

MESSAGE BOARD

   

Circulars on mismatch between GSTR-2A and GSTR-3B - Whether a burden?


Mismatch between GSTR-2A and GSTR-3B

Good analysis of the relevant provisions by the authors.

It appears that CIBIC Circular dated 17.7.2023 and provisos to Rule 36(4) of the CGST Rules,2017 would take care of the apprehensions expressed by the authors in taking credit over and above the credit reflected of 20%,10%, 5% limits prescribed under the said rule during the material period. Credits were allowed cumulatively wherever suppliers discharged tax liabilities as per Section 16(2)(c) of the CGST Act,2017, in my view.

rrkothapally rrkothapally 23/08/2023

 

Back

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.