Input system

[Guest]

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 .

[Shilpi Jain]

The customs portal and gst portal are not synced to autopopulate data of import credits. You can explain the differences to dept if asked about differences. The business man is now left with no work but to only reply to department letters and do reconciliations

AI Summary

Input tax credit protection when supplier fails to file returns preserves purchaser's entitlement; reconcile portal mismatches promptly. Purchasers encounter portal mismatches when suppliers file returns late, causing short inputs and potential departmental queries; excess or belated supplier-reported inputs may later be refunded or carried forward. Customs and GST portals are not synchronised for import credits, and SEZ purchase inputs may not display on the portal, requiring taxpayers to reconcile records and explain differences to the department. A recent higher-court pronouncement is cited to support that purchasers should not be prejudiced solely by supplier non-filing, but taxpayers must maintain evidence and respond to notices.