Case Studies on Presentation of Input Tax Credit in Annual Return There have been lot many errors while claiming Input Tax Credit by the Taxpayers. Some of very common errors was inadvertently claiming Excess ITC, Lapse of ITC, Claim of ITC under Wrong Heading, Deposit
Basic provisions related to the annual return Q1. What is Legal provision for filling GST Annual Return? Ans. It is governed by section 35(5) and section 44(1) of CGST Act. Section 44(1) of CGST Act read with Rule 80(1) of CGST Rules requires that
Introduction: A press release is issued by CBIC. Important clarifications on annual return are provided in the press release. The taxpayer was in dilemma for many reasons. Many tables were showing incorrect data. The biggest mess was made by the help part of this return.