https://www.taxtmi.com/circulars?id=71619 System-based reconciliation compares output tax liability and eligible input tax credit reported in GSTR-1 and GSTR-2 with GSTR-3B. Differences are reflected in GSTR-3 through the common portal. Additional reconciled tax liability, including excess input tax credit utilised in GSTR-3B, must be paid through the electronic cash or credit ledger with applicable interest for delayed payment. Additional eligible input tax credit is credited to the electronic credit ledger, while net reductions in output tax liability are carried forward for set-off against the following month's liability. en-us Thu, 28 Mar 2019 00:00:00 +0530 Sat, 17 Oct 2026 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=71619 System-based reconciliation compares output tax liability and eligible input tax credit reported in GSTR-1 and GSTR-2 with GSTR-3B. Differences are reflected in GSTR-3 through the common portal. Additional reconciled tax liability, including excess input tax credit utilised in GSTR-3B, must be paid through the electronic cash or credit ledger with applicable interest for delayed payment. Additional eligible input tax credit is credited to the electronic credit ledger, while net reductions in output tax liability are carried forward for set-off against the following month's liability. Circulars GST - States Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=71619