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

Reverse Charge (RCM) in GST — What the Buyer must do vs What the Seller must do Clear steps, invoices/docs, and the exact boxes in GSTR-1 and GSTR-3B for both sides.

What is Forward Charge and Reverse Charge Mechanism in GST? A plain-English explainer with real examples, a quick comparison table, and step-by-step compliance notes.

  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...