9911796707
TMI BlogSystem based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3BX X X X Extracts X X X X X X X X Extracts X X X X ..... of outward and inward supplies made and received in a month and return in Proper Form on various dates respectively. 2. Sections 37, 38 and section 39 of the CGST Act, 2017 (hereinafter referred to as 'the Act) read with rules 59, 60 and 61 of the CGST Rules, 2017(hereinafter referred to as 'the Rules') require every registered person to furnish details of outward supplies made in a month in FORM GSTR-1, details of inward supplies received in a month in FORM GSTR-2 and a return in FORM GSTR-3 by the 10th 15th and 20th of the next month respectively. Keeping in view that taxpayers may face certain issues in the initial days after the introduction of GST, the GST Council extended the date for filing of FORM GSTR-1 and FORM GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ients of supply) and made available to them in FORM GSTR-2A as per sub-rule (3) of Rule 59 of the Rules. FORM GSTR-2A is the exact replica of FORM GSTR-2 containing only those details that are auto- populated from the details furnished in FORM GSTR-1 by the corresponding suppliers. Based on the details communicated in FORM GSTR-2A, the registered person shall prepare the statement of inward supplies in FORM GSTR-2 by: a. adding deleting or modifying the invoice level details communicated in FORM GSTR-2A; b. adding information pertaining to details that are required to be furnished in GSTR-2 but are not part of FORM GSTR-2A like details of details of supplies attracting reverse charge that have been received by registered person; c. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A of the return in FORM GSTR-3 for the said month based on the information furnished in FORM GSTR-1 and FORM GSTR-2. Based on the revised figures of output tax liability and eligible input tax credit, Table 12 of Part B of FORM GSTR-3 Shall be made available. The common portal would populate the correct figures of tax payable in column (2) of Table 12 of FORM GSTR-3, based on the information furnished in FORM GSTR-1 and FORM GSTR-2. The tax paid through the electronic cash ledger and electronic credit ledger in the return in FORM GSTR-3B shall be displayed by the system in column (3) to (7) of the Table 12 of Pan B of FORM GSTR-3. Where there is no difference between the details of output tax liability and eligible input tax credit furnishe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted to the electronic credit ledger, the same can be utilised for the payment oi the said additional tax liability. Additional claim of eligible ITC: 10. Where the eligible ITC claimed by the taxpayer in FORM GSTR-3B is less that the ITC eligible as per the details furnished in FORM GSTR-2, the additional amount of ETC Shall be credited to the electronic credit ledger of the registered person when he submits the return in FORM GSTR-3 (in accordance with clause (c) of sub-rule (6) of rule 61). However, simultaneously, if there is an increase in the output tax liability, the registered person can utilise this additional amount of ITC eligible as per the details furnished in FORM GSTR-2 along With the balance in the electronic cash ledger, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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