GST Returns 2025: File GSTR-1, 3B, 2B | QRMP & ITC

  Reconciliation is a very familiar term that comes into contact to a Businessman again and again. Any Taxpayer who is doing any type of Business has to go through reconciliation procedure. Every Taxpayer and Businessman know that reconciliation means error free books of Accounts and tallying or matching the data of one book with the other is termed as reconciliation. Reconciliation can be done of any books of Accounts or of anything and at any stage.   Reconciliation under GST means the reconciliation of Taxes paid or payable at different stages by the taxpayer. We know that when reconciliation of Accounts of books are done there are two set of books, one is of yours and the other is of the vendor that needs to be matched for errors and differences.   Likewise, under GST Reconciliation there are returns that need to be reconciled with each other. Return that needs to be reconciled with each other will be GSTR 2B with your Purchase books and GSTR 1 with your Sales...

  With the latest update of GST came on 02.01.2021, the taxpayers have to be now more precise and alert in filing their returns as there are many hard changes that has came into effect from 01.01.2021 Claim of ITC has been reduced from 120% to 105% of GSTR 2B. A proper officer can cancel GSTIN of  a taxpayer if the taxpayer has availed ITC more than 105% of GSTR 2B in any month. A proper officer can cancel GSTIN of a taxpayer if the Tax paid in GSTR 3B is less than the tax payable in GSTR 1 for any month, means if the outward supply of GSTR 1 is greater than GSTR 3B then cancellation of GSTIN can be initiated . If a proper officer has initiated the cancellation of GST and he has reasons to believe that the GSTIN has to be suspended of a taxpayer then the opportunity of being heard will no longer be available with the taxpayer. If there will be any difference in the comparison sheet means if there will be any difference in outward supplies of GSTR 3B & GSTR 1 and ITC ...

  This is to brought in notice to every taxpayers that any leniency and ignorance of rules of ITC under GST Act can lead the taxpayers to a serious accusation and cancellation of GSTIN. Before there was no restrictions of claiming ITC as to what amount or proportion of ITC a taxpayer is claiming on the basis of the invoices they have. Before the taxpayers were allowed to claim ITC against all those invoices that are with them either visible in the GSTR 2A or in physical copy, which means that if any invoices that were not in GSTR 2A and the taxpayer claiming of having the hard copy of GST Invoice were allowed to claim ITC against that invoices(Not in GSTR 2A) also. But, now things has been changed a lot and at present the taxpayers can claim ITC with limits. Let us get explained in detail Recently when GSTR 2B came into effect there was a clause that taxpayers can claim ITC equal to GSTR 2B or maximum of 120% of GSTR 2B. Now this maximum of 120% has got reduced to 105% only . I...

Outward Supply and ITC Comparison Sheet is a sheet that shows the difference of outward supplies filed in GSTR 1 VS GSTR 3B and the difference between your claimed ITC in GSTR 3B vs ITC in GSTR 2B. Usually the ITC Comparison sheet was visible in the Return Dashboard next to GSTR 2A, but after introduction of GSTR 2B the ITC Comparison sheet is no longer can be accessed from return dashboard. Here are the Steps from where you can access the ITC Comparison sheet easily. Go to www.gst.gov.in Login with your credentials. Click on Services next to Dashboard on the top bar Click on Returns next to ledgers from the drop down menu In the drop down menu right hand side you can see Tax liabilities & ITC comparison sheet. Below is the image for better understanding. Then select Financial year for which you want to download the comparison sheet and click on search Then your comparison sheet will get open and will be visible as shown below in the image. You can also Download Excel file...

  QRMP scheme means Quarterly Return Monthly Payment scheme which is an optional scheme and the name itself says that under this scheme you have to make payment of tax monthly but details of tax Return can be filled quarterly. Any taxpayer whose turnover does not exceeds or is upto  ₹ 5 crore has to file their GSTR 1/4 and GSTR 3B on quarterly basis with effect from 01.01.2021. Monthly payments under QRMP scheme are to be done in FORM GST PMT - 06 by every 25th of the succeding month. Now let us get to know QRMP scheme more in detail. In case the aggregate turnover exceeds 5 crore rupees during any quarter in the current financial year i.e. F.Y. 2020-21, the registered person shall not be eligible for the Scheme from the next quarter. As per Rule 61A of the CGST Rules, 2017 A registered person can opt in for any quarter from first day of second month of preceding quarter to the last day of the first month of the quarter. ( In Hindi, kisi b registered person ko QRMP apply ka...

1.        GSTR 2A  and GSTR 2B me main difference kya hai?   GSTR 2A GSTR 2B GSTR 2A badal chukka hai GSTR 2B naya aya hai GSTR 2A me aapko ye information di jayegi ki jinsey aapney maal kharida hai unhoney apney gstr 1 aur gstr 3b returns kab file kiye aur kis period ke liye file kiye GSTR 2B me aapko invoice wise aur party wise sare bill details milengey jo apney maal kharidey hain  Ismey gst nbr wise information rahegi GSTR 2B me invoice nbr invoice date invoice amount wise information rahegi GSTR 2A me aapko tax alag alag nahi dikhega GSTR 2Bme aapko tax alag alag dikhega, cgst, sgst, igst kitna claim kar saktey hain GSTR 2A se aap details download nahi kar saktey GSTR 2B se aap purey purchase and itc details pdf and excel dono format me download kar saktey hain Nichey aapko step by step GSTR 2A me ky...

  INPUT TAX CREDIT DISCLOSURE OF SHORT / EXCESS INPUT TAX CREDIT (ITC) CONDITION ACTION You have Claimed excess amount of ITC as compared to ITC in Books of Accounts of FY 2018-19 and you have not Reversed that excess ITC in 2018-19 Returns Reverse that excess ITC in April 19 to Sept 19 period Returns. If reversed the excess ITC that was claimed in 2018-19 in the Returns of April 19 to Sept 19 No reporting in GSTR-9 If not reversed in 2018-19 also and in April 19 to Sept 19 also Reverse such excess ITC through DRC-03. Short claim of ITC in GSTR-3B of 2018-19 as compared to Books of Accounts of FY 2018-19 Claim that Short ITC in April 19 to Sept 19 returns If claimed Short ITC of 2018-19 in returns of April 19 to Sept 19 Show in Table 8C and Table 13 of GSTR-9 of FY 2018-19 If not claimed Short ITC of ...