Tag: gst portal gstn

GST in Media

New GSTN feature to correct mistakes in GST invoice matching process for claiming input tax credit; Know how it works

byAdmin

GSTN has introduced the IMS on the GST portal, effective October 1, 2024. This new feature is designed to assist GST-registered taxpayers in claiming ITC with fewer disputes. With IMS, invoice data entered by sellers in a designated form on the GST portal will automatically appear in the buyer’s IMS. Using this information, buyers can choose to accept, reject, or leave the invoice pending. Once a buyer accepts an invoice, it will then be included in their GSTR-2B as an eligible input tax credit.

GST in Media

GST tax demand not settled despite payment? New online form notified to help taxpayers adjust tax demand amount; here’s how to do it

byAdmin

GSTN has introduced a new form, GST DRC-03A, and it is now available on the GST portal. This form enables taxpayers to adjust the tax demand amounts they have already paid against a specific GST demand order. It is particularly beneficial for those who have made partial or full payments via the DRC-03 form and wish to align these payments with an existing GST demand order.