In gst now GST will be taken as per portal input +5% extra against purchase will lying with us and quarterly person return filling person input .now if our supplier late file return than current month dept taken short input from us .Than after filling GST-1 by our supplier show in my portal next Month and that time we not need than dept. will ne refund excess input or carried over.on this ground always business man in trouble.
Now latest case order by Supreme court that purchase will not suffer if supplier not file his return.
SEZ purchase input not show in system. where we check it .
Supreme Court rules buyers shouldn't suffer from suppliers' late GST filings; SEZ purchase inputs missing in system. A user raised concerns about the Goods and Services Tax (GST) system, highlighting issues when suppliers file returns late, resulting in short input credits for businesses. The Supreme Court ruled that purchasers should not suffer due to suppliers' delays. Additionally, discrepancies arise as Special Economic Zone (SEZ) purchase inputs are not displayed in the system. A respondent advised that the customs and GST portals are not synchronized for import credits, suggesting businesses clarify discrepancies with the department. This situation burdens businesses with responding to departmental queries and performing reconciliations. (AI Summary)
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