https://www.taxtmi.com/circulars?id=56138 System-based reconciliation compares information in FORM GSTR-1 and FORM GSTR-2 with returns filed in FORM GSTR-3B: the portal auto-populates FORM GSTR-2A and drafts Part A of FORM GSTR-3. Taxpayers must amend GSTR-1/GSTR-2 invoice-level and other inward-supply details to correct liabilities and ITC. Where FORM GSTR-3 shows higher tax than paid in FORM GSTR-3B, additional tax must be paid by debiting the electronic cash or credit ledger with interest; excess ITC evidenced in FORM GSTR-2 is credited to the electronic credit ledger. Returns are valid only after payment and matching procedures are completed. en-us Mon, 04 Sep 2017 00:00:00 +0530 Tue, 10 Oct 2017 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56138 System-based reconciliation compares information in FORM GSTR-1 and FORM GSTR-2 with returns filed in FORM GSTR-3B: the portal auto-populates FORM GSTR-2A and drafts Part A of FORM GSTR-3. Taxpayers must amend GSTR-1/GSTR-2 invoice-level and other inward-supply details to correct liabilities and ITC. Where FORM GSTR-3 shows higher tax than paid in FORM GSTR-3B, additional tax must be paid by debiting the electronic cash or credit ledger with interest; excess ITC evidenced in FORM GSTR-2 is credited to the electronic credit ledger. Returns are valid only after payment and matching procedures are completed. Circulars GST - States Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56138