GST Tip – 327

If the supplier of goods or services does not file his GSTR – 1 by the said date and the recipient of the goods or services or both have filed GSTR – 2, then the supplier of goods or services or both cannot modify the invoice, the supplier has to accept or reject the same.

GST Tip – 198

As per the Draft Input Tax Credit Rules, Input tax credit can be availed only the debit note issued by the supplier of  goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient. This means the recipient cannot issue a credit note under GST and adjust the tax for any of the above-said reasons.



GST Tip – 188

Another new form “FORM GST MIS-2” has been introduced in the Revised Return Rules. This form will be issued to the supplier of the goods and services in cases of mismatch between the supplier’s and recipient’s records in cases where the recipient has claimed excess input tax credit or the supplier has not uploaded his records in the GSTR – 1.