https://www.taxtmi.com/article/detailed?id=8436 Ensure timely filing of outward and summary returns for the March period to preserve amendment rights and entitlement to input tax credit. Identify and claim all recoverable Input Tax Credit for the prior financial year through reconciliation and ledger review in the March returns; where compliant invoices exist but do not appear in the automated inward register, avail ITC while notifying the supplier. Raise and inform counterparties of debit notes and amendments before filing cutoffs so corresponding credit can be taken; ISD credits should be taken up and distributed in the closing month, and any shortfall in required reversals for exempt or non business use should be reversed in the March returns. en-us Fri, 29 Mar 2019 19:00:49 +0530 Fri, 29 Mar 2019 19:00:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8436 Ensure timely filing of outward and summary returns for the March period to preserve amendment rights and entitlement to input tax credit. Identify and claim all recoverable Input Tax Credit for the prior financial year through reconciliation and ledger review in the March returns; where compliant invoices exist but do not appear in the automated inward register, avail ITC while notifying the supplier. Raise and inform counterparties of debit notes and amendments before filing cutoffs so corresponding credit can be taken; ISD credits should be taken up and distributed in the closing month, and any shortfall in required reversals for exempt or non business use should be reversed in the March returns. Articles Goods and Services Tax - GST Fri, 29 Mar 2019 19:00:49 +0530 https://www.taxtmi.com/article/detailed?id=8436