ARTICLE · 21 OCTOBER 2024

Customs And GST Alert - October 2024

Vaish Associates Advocates

As a one-time measure, GSTN has re-opened the opening balance field in the "Electronic Credit Reversal and Re-claimed statement" to allow reporting of opening balance of ITC reversed in Table 4B(2) of Form GSTR-3B...

IndiaTax

Shammi Kapoor

Arnab Roy

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As a one-time measure, GSTN has re-opened the opening balance field in the "Electronic Credit Reversal and Re-claimed statement" to allow reporting of opening balance of ITC reversed in Table 4B(2) of Form GSTR-3B but not reclaimed till return period of July 2023, till 31.10.2024. Amendments thereto can be made till 30.11.2024.
GSTN has intimated that issuance of notices and orders through the online portal can be done by departmental officers only through digital signature authentication and the authenticity of any document can be ascertained by taxpayers by going to Services > User Services > Verify RFN.
GSTN has advised taxpayers to download and save their GST returns data from the online portal, in view of the upcoming data archival policy which would result in GST returns data being taken down after 7 years.

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Customs And GST Alert - October 2024

NEWS UPDATES

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