https://www.taxtmi.com/article/detailed?id=10067 The Supreme Court held that rectification of GSTR 3B is permissible only through the statutory mechanism provided under the GST framework and that registered persons cannot unilaterally amend electronically filed returns. Eligible input tax credit remains in the electronic credit ledger and its use may be postponed until availed in subsequent returns; payment of output tax by cash, despite available credit, cannot be reversed unless law permits. Taxpayers must perform self assessment from books and invoices, and returns remain subject to verification by tax authorities. en-us Wed, 03 Nov 2021 09:33:46 +0530 Wed, 03 Nov 2021 09:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10067 The Supreme Court held that rectification of GSTR 3B is permissible only through the statutory mechanism provided under the GST framework and that registered persons cannot unilaterally amend electronically filed returns. Eligible input tax credit remains in the electronic credit ledger and its use may be postponed until availed in subsequent returns; payment of output tax by cash, despite available credit, cannot be reversed unless law permits. Taxpayers must perform self assessment from books and invoices, and returns remain subject to verification by tax authorities. Articles Goods and Services Tax - GST Wed, 03 Nov 2021 09:33:46 +0530 https://www.taxtmi.com/article/detailed?id=10067