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GST News Details

Nov 30 is last date for recording input tax credit

Thiruvananthapuram: The state goods and services tax (GST) department has set November 30 as the last date for recording input tax credit for 2022-23 and for correcting any anomalies in tax filings.

The details of sales and the proceeds that have been left out unintentionally and any necessary corrections in those which have already been declared should be done before November 30, the department said.

All the taxpayers who are filing their returns under GSTR-3B form should avail the total input tax credit for 2022-23 and ensure the reversal of ineligible input tax credit, if any, through 4B (1) table in the GSTR-3B form.

Since the accurate declaration of integrated input tax credit is critical for the state’s revenue, the professionals working in this sector and the traders should exercise due diligence in this matter, the state GST commissioner said.

Those who have mistakenly entered the input tax credit details in the 4B (2) table instead of 4B (1) in their previous returns should contact the district level joint commissioner of the taxpayer service division or the GST intelligence wing at the district level before filing their returns for October, the GST department said.

Source: Times of India