Cumulative input tax credit adjustment requires consolidated GSTR-3B reporting and allows a limited IFF window for prior-period inputs. The amendments require the condition for availing input tax credit to apply cumulatively for April and May 2021 and direct that FORM GSTR-3B for May 2021 be furnished with the cumulative adjustment of input tax credit for those months. Separately, a proviso permits registered persons to furnish April 2021 details using the Input Furnishing Facility (IFF) from the first day of May 2021 until the 28th day of May 2021.
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Cumulative input tax credit adjustment requires consolidated GSTR-3B reporting and allows a limited IFF window for prior-period inputs.
The amendments require the condition for availing input tax credit to apply cumulatively for April and May 2021 and direct that FORM GSTR-3B for May 2021 be furnished with the cumulative adjustment of input tax credit for those months. Separately, a proviso permits registered persons to furnish April 2021 details using the Input Furnishing Facility (IFF) from the first day of May 2021 until the 28th day of May 2021.
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