https://www.taxtmi.com/article/detailed?id=8165 Annual Return imposes extensive nine month reconciliations and new disclosure fields that do not auto populate from GSTR 1 and GSTR 3B, requiring taxpayers to reclassify sales, purchases, credit/debit notes and to bifurcate Input Tax Credit into Inputs, Capital Goods and Input Services. Reliance on GSTR 2A for available ITC is inadequate because it does not confirm supplier payment, and the return separately computes ITC that will lapse by comparing GSTR 2A/import records with ITC availed in GSTR 3B, creating a narrow corrective window and substantial IT system and reporting burdens. en-us Tue, 18 Sep 2018 07:10:46 +0530 Tue, 18 Sep 2018 07:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8165 Annual Return imposes extensive nine month reconciliations and new disclosure fields that do not auto populate from GSTR 1 and GSTR 3B, requiring taxpayers to reclassify sales, purchases, credit/debit notes and to bifurcate Input Tax Credit into Inputs, Capital Goods and Input Services. Reliance on GSTR 2A for available ITC is inadequate because it does not confirm supplier payment, and the return separately computes ITC that will lapse by comparing GSTR 2A/import records with ITC availed in GSTR 3B, creating a narrow corrective window and substantial IT system and reporting burdens. Articles Goods and Services Tax - GST Tue, 18 Sep 2018 07:10:46 +0530 https://www.taxtmi.com/article/detailed?id=8165