GST Tip – 107

In GST, there will be some cases where the input tax credit availed has to be reversed like if the buyer has taken on provisional basis and supplier has not paid the tax or input tax credit availed on inward supplies but the same were used in supply of exempted goods, then Input tax credit availed has to be reversed along with the reason for reversal in Table 14 of GSTR – 2

GST Tip – 96

In table 14 of the GSTR – 1 report, starting number and ending number of each series of tax invoice has to be shown along with the net number of tax invoices issued and number of tax invoices canceled. Though the model GST Law or Draft invoice rules have no provision for cancellation of tax invoice, GSTR – 1 has provision to report the same.