https://www.taxtmi.com/news?id=26993 Rule 37A requires recipients to reverse Input Tax Credit where the supplier has reported the invoice but has not filed the corresponding GSTR-3B by the statutory cut off; the reversal must be reported by the recipient as an adjustment in their own GSTR-3B return within the prescribed filing deadline. The tax system may compute and notify the reversal amount to the recipient, but the taxpayer must verify the communication and ensure the reversal is reflected in the return. en-us Thu, 16 Nov 2023 15:48:54 +0530 Thu, 16 Nov 2023 15:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26993 Rule 37A requires recipients to reverse Input Tax Credit where the supplier has reported the invoice but has not filed the corresponding GSTR-3B by the statutory cut off; the reversal must be reported by the recipient as an adjustment in their own GSTR-3B return within the prescribed filing deadline. The tax system may compute and notify the reversal amount to the recipient, but the taxpayer must verify the communication and ensure the reversal is reflected in the return. News - Thu, 16 Nov 2023 15:48:54 +0530 https://www.taxtmi.com/news?id=26993