TaxWise Updates

TaxWise Updates

6/20/2025, 3:51:27 AM

*Handling of Inadvertently Rejected records on IMS* The GST FAQ on IMS clarifies how to handle inadvertently rejected records, such as invoices, debit notes, ECO-documents, and credit notes, after the recipient has already filed their GSTR-3B. To rectify such errors, the recipient must request the supplier to re-furnish the identical record (without changes) in the same period's GSTR-1A or a subsequent GSTR-1/IFF amendment table. This allows the recipient to correctly avail or reverse ITC by accepting the amended record on IMS and recomputing GSTR-2B, while ensuring the supplier's liability is not unduly impacted due to the re-submission, as only delta values are considered for amendments.

TaxWise Updates

5/16/2025, 9:22:51 AM

📢 *GST Update: GSTR-3B Table 3.2*📢 Auto-population in GSTR-3B Table 3.2 will remain editable for now. Previous advisory (Apr 11): Values were to be non-editable from April 2025 returns. New decision: Due to taxpayer feedback, you can still edit/amend the auto-populated entries. Please file accurately! We'll notify you when changes are implemented.