https://www.taxtmi.com/circulars?id=70962 System-based reconciliation compares tax liability and input tax credit in FORM GSTR-3B with the details furnished in FORM GSTR-1 and FORM GSTR-2, which auto-populate FORM GSTR-3. Errors in FORM GSTR-3B may be corrected through the outward- and inward-supply statements. Tax shortfalls or excess input tax credit utilised must be paid through the electronic cash or credit ledger with applicable interest, while additional eligible input tax credit is credited to the electronic credit ledger. Reduced output liability, after credit adjustment, is carried forward to the next month's return. FORM GSTR-3 becomes valid only after full tax payment. en-us Fri, 01 Sep 2017 00:00:00 +0530 Tue, 25 Aug 2026 15:30:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70962 System-based reconciliation compares tax liability and input tax credit in FORM GSTR-3B with the details furnished in FORM GSTR-1 and FORM GSTR-2, which auto-populate FORM GSTR-3. Errors in FORM GSTR-3B may be corrected through the outward- and inward-supply statements. Tax shortfalls or excess input tax credit utilised must be paid through the electronic cash or credit ledger with applicable interest, while additional eligible input tax credit is credited to the electronic credit ledger. Reduced output liability, after credit adjustment, is carried forward to the next month's return. FORM GSTR-3 becomes valid only after full tax payment. Circulars GST - States Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70962