GST DAILY – 133

06/12/202308/12/2023byCA Pradeep Modi

Post Views: 662

Stay Yourself Updated on GST

Advertisements

GSTN Rolls Out Automated Intimation Feature for ITC Discrepancies: Form GST DRC-01C Now Active on GST portal

👉 The GSTN issued Important Advisory No. 614 dated November 14, 2023 for Online Compliance Pertaining to ITC mismatch – GST DRC-01C.

✔️It is informed that GSTN has developed a functionality to generate automated intimation in Form GST DRC-01C which enables the taxpayer to explain the difference in Input tax credit available in GSTR-2B statement & ITC claimed in GSTR-3B return online as directed by the GST Council. This feature is now live on the GST portal.

✔️This functionality compares the ITC declared in GSTR-3B/3BQ with the ITC available in GSTR-2B/2BQ for each return period. If the claimed ITC in GSTR 3B exceeds the available ITC in GSTR-2B by a predefined limit or the percentage difference exceeds the configurable threshold, taxpayer will receive an intimation in the form of DRC-01C.

✔️Upon receiving an intimation, the taxpayer must file a response using Form DRC-01C Part B. The taxpayer has the option to either provide details of the payment made to settle the difference using Form DRC-03, or provide an explanation for the difference, or even choose a combination of both options.

✔️In case, no response is filed by the impacted taxpayers in Form DRC-01C Part B, such taxpayers will not be able to file their subsequent period GSTR-1/IFF.

Regards 🙏

CA PRADEEP MODI

9433033882

Share this content:

No penalty if goods were found with a proper tax invoice and e-way bill belonging to a person whose registration was suspended

The Hon’ble Allahabad High Court in the case of M/s Lakhdatar Traders dismissed the writ petition where goods in transit were accompanying with proper tax invoice and e-way bills were detained, imposing penalty on account of suspension of registration of owner would not sustain.

Sufficient Cause holds more weight than length of delay

The Hon’ble Andhra Pradesh High Court in M/s. S A Iron and Metal v. State of Andhra Pradesh and anr. set aside the order refusing to entertain appeal on the ground of delay in filing of appeal and held that it is not the length of the delay, but cause for delay which would be paramount consideration.

If an Assessee deposits all taxes, interest, etc. and complies with other formalities the Proper Officer can open the GST portal to enable the Assessee to file GST returns

The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu disposed of the writ petition where Mr. Akshya Kumar Sahu sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the present writ petition was filed by the Petitioner.

Related Posts

Leave a Reply Cancel reply