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GST Rules

Demystifying the reasons for mismatch between Supplier’s GSTR – 1 and Recipients GSTR – 2

It is almost 120 days after the rollout of GST and we are yet to file the first month returns, i.e., for the month of July 2017. Is technology the main culprit for this delay? The answer is “Yes” and “No.” Yes, in case of taxpayers who have a large number of invoices and becomes really tough to match the data entered and filed by the supplier and match it with the inward supplies.  Read the blog for more details – Demystifying the reasons for mismatch between Supplier’s GSTR – 1 and Recipients GSTR – 2

 

The final return formats are put in the public domain for GST on 3rd June 2017 and still annual return and reconciliation formats are not in public domain, we need for them for some more time. The other returns are final and they have to be used by the taxpayers for filing of returns, the returns under GST, process along with formats and time lines for filing of the returns are given in the blog  Demystifying Goods and Service Tax Returns