GSTN Issues Very Important Advisory for GSTR-9/9C

By: Admin
October 15, 2024
Categories: GST Portal Updates | Important News
4 Min Read

The Goods and Services Tax Network (GSTN) has released Advisory No. 533 on October 15, 2024, detailing significant updates for GSTR-9 and GSTR-9C starting from the FY 2023-24.

Beginning this fiscal year, the GST system will automatically populate the eligible Input Tax Credit (ITC) for domestic supplies (excluding reverse charge and imports ITC) from Table 3(I) of GSTR-2B to Table 8A of GSTR-9. This change is set to streamline the filing process and improve accuracy for taxpayers.

Additionally, a validation utility will be progressively implemented for taxpayers to validate the auto-populated data. This utility will ensure that the data from April 2023 to March 2024 is correctly filled in GSTR-9 based on GSTR-2B.

These updates are available on the GST portal starting from October 15, 2024.

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