Gst Update

*ITC Reversals Under Rule 37A in September GSTR-2B Due to Non-Filing of GSTR-3B by Vendors*

Taxpayers are now seeing reversals required under Rule 37A reflected in their September GSTR-2B, showing the Input Tax Credit (ITC) that must be reversed due to the non-filing of GSTR-3B by suppliers for FY 2023-24. The next step is to ensure vendors file their pending GSTR-3B returns, as failing to do so may lead to temporary ITC reversals.

*Read More:* https://www.caclubindia.com/news/itc-reversals-under-rule-37a-in-september-gstr-2b-due-to-non-filing-of-gstr-3b-by-vendors-23998.asp