GST UPDATES APPLICABLE FROM 1ST JANUARY 2022
1. ITC AVAILABLE ONLY WHEN REFLECTED IN GSTR 2A/2B Input Tax Credit shall be available only when details of invoices uploaded by supplier in Form GSTR-1 are communicated to the recipient (i.e reflected in GSTR 2A/2B). Margin of 5% will not available. 2. DIRECT RECOVERY FROM DIFFERENCE B/W GSTR -1 & 3B: Section 75(12) is …