Team SASG

Financial New Year Greetings...

From Nov 2020 Month

Input Tax Credit can be claimed only when supplier files their respective GSTR1 upto 10 of next month.

If more Input Tax credit Claimed in GSTR3B- It will show warning to recheck data & will get highlighted in RED.
And ♦️ *Scrutiny Chances May Arise*

So Please ensure Supplier is filing their GSTR1 timely for smooth flow of Input Tax Credit.

Avoid Purchasing from such vendors who are Late in filing their GST Compliances.

Also From Next Month *2 Returns to be filed monthly*

🔸First Before 10th of Month &

🔸 Second After 10th of Month

Vivad se Vshwash Bill 2020
The amount payable under the Declaration made under VSV,
The disputed amount may either be on account of
(i) disputed tax or
(ii) disputed interest or
(iii) disputed penalty or
(iv) disputed fee