https://www.taxtmi.com/news?id=15371 The proposal establishes a common electronic GST return regime with self-assessment, separate return forms for distinct taxpayer categories, mandatory electronic Cash, ITC and Tax Liability ledgers, and payment as a prerequisite for valid filing. It prescribes sequential monthly/quarterly filing with specified cut off dates for GSTR 1, GSTR 2 and GSTR 3 to enable auto population and invoice matching, details contents required for each GSTR variant, mandates HSN/SAC reporting tied to turnover, provides a two day reconciliation window between counterparties, automatic reversal of unmatched ITC after two cycles, and allows revisions via debit/credit notes and supplementary documents. en-us Sat, 19 Dec 2015 12:44:27 +0530 Wed, 11 Feb 2026 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15371 The proposal establishes a common electronic GST return regime with self-assessment, separate return forms for distinct taxpayer categories, mandatory electronic Cash, ITC and Tax Liability ledgers, and payment as a prerequisite for valid filing. It prescribes sequential monthly/quarterly filing with specified cut off dates for GSTR 1, GSTR 2 and GSTR 3 to enable auto population and invoice matching, details contents required for each GSTR variant, mandates HSN/SAC reporting tied to turnover, provides a two day reconciliation window between counterparties, automatic reversal of unmatched ITC after two cycles, and allows revisions via debit/credit notes and supplementary documents. News - Sat, 19 Dec 2015 12:44:27 +0530 https://www.taxtmi.com/news?id=15371