Pritesh Chhajed

Partner at PC Advisors - A GST Consulting Firm in Pune

[Pritesh Chhajed @PriteshChhajed]

Suggestion: Either make Table 8A value as per GSTR 2B of 24-25 without effecting any change for invoices reported in next year
OR
Make Table 6 requirement as per GSTR 2A

[Pritesh Chhajed @PriteshChhajed]

@GST_Council @Infosys_GSTN There are some challenges in this year's GSTR 9 data requirements. GSTR 3B returns have been filed based on GSTR 2B reco (Cir 170/02/2022) whereas GSTR 9 Table 6 & 8 envisage values based on GSTR 2A reco (not explicitly but Table 8A values are of 2A).

[Pritesh Chhajed @PriteshChhajed]

Another instance: Table 8B shall pick value as per 6B but Table 6B includes such amount which is not effectively claimed (reversed through 4B2 of GSTR 3B). Such reversal is not considered in Table 8B misleading the amount of actual ITC amount during the year.

[Pritesh Chhajed @PriteshChhajed]

#GST #UPDATE
If an entity registered for GST in one state supplies goods from FTWZ located in another State before clearing it for home consumption, it does not need to obtain GST registration in that State. It can issue invoice from its GST registered State
#AdvanceRuling

[Siddharth Bakaria @SidHimachal]

SOS 🆘 🚨

AB negative blood is needed at BJ Medical College, Ahemdabad.

Kindly reach the hospital ASAP.

Kindly repost

[Madhish Parikh @MadhishParikh]

#RTandShare #AhmedabadSupports #SOS🚨

Urgent blood requirement of O-, A- and B- groups. Ahmedabad needs your help. Please donate if eligible at the Indian Red Cross, Navrang Circle, Ahmedabad.

Contact person: Mr Dhaval Shah 9737041263 (Asst Director. Blood Programme)

Note: I am posting this after a personal communication with Mr Dhaval Shah

#PlaneCrash #SOS #AhmedabadPlaneCrash #Ahmedabad

[Pritesh Chhajed @PriteshChhajed]

#inputservicedistributor #ISD under #GST is becoming mandatory from 1 April 2025 - it means your vendor has to use your ISD GSTIN to raise invoice for all common input services. Hence, it is imperative to apply for ISD registration now!
@cbic_india

[Pritesh Chhajed @PriteshChhajed]

@haldiaarpit @cbic_india But the problem is Table 6A value, which is an auto populated and non-editable. It contains Gross amount of 4A5 before 4B1 and 4B2 reversals and contains amount reclaimed in next month as well (re-reported in 4D1) - 6A value therefore is not the actual ITC amount claimed

[Pritesh Chhajed @PriteshChhajed]

@haldiaarpit @cbic_india I believ Table 8C (claimed in next year) should only contain such amount which is included in 8A i.e. 2B of 2023-24.
In other words, Table 8 break-up should completely begin from the source value i.e. 8A.

[Pritesh Chhajed @PriteshChhajed]

Unpopular view - Looking at the number of calls, emails, follow-ups from ICAI candidates' office staff, friends and whose who of the candidate, I am wondering why would someone put productive hours into pursuing Council post which on the face of it is not that remunerative.

[Pritesh Chhajed @PriteshChhajed]

@Infosys_GSTN Shared the ticket number through DM but the issue is not resolved yet...please note appeal filing is a time bound activity and delay in resolving technical issue on Portal could lead to delay in filing of appeal

[Pritesh Chhajed @PriteshChhajed]

@Infosys_GSTN Issue faced in appeal filing as 10% pre-deposit amount debited from Cash/Credit Ledger but application still not recognising and asking for pre-deposit again. Have raised the Ticket as well but did not get any response. Kindly revert as due date is near @askGST_GoI

[Pritesh Chhajed @PriteshChhajed]

@cbic_india
@Infosys_GSTN
while the recent Notification indicates Table 8A shall contain 2B value - but it is unclear whether it will have invoices of respective FY or invoices reported in that FY (could pertain to previous FY). Kindly clarify.

[Pritesh Chhajed @PriteshChhajed]

@cbic_india @Infosys_GSTN GST Annual Forms (GSTR 9/9C) are not made available till now. Kindly release them asap. Pls note Auto-pop Table 8A value shall be the basis for recon with GSTR 2A/2B and therefore there is an urgent need for Forms/clarity on Table 8A value @FinMinIndia

[Pritesh Chhajed @PriteshChhajed]

@cbic_india @Infosys_GSTN GST Annual Forms (GSTR 9/9C) are not made available till now. Kindly release them asap. Pls note Auto-pop Table 8A value shall be the basis for recon with GSTR 2A/2B and therefore there is an urgent need for Forms/clarity on Table 8A value @FinMinIndia

[Pritesh Chhajed @PriteshChhajed]

#gstcouncilmeeting With proposed GSTR 1A form to amend GSTR 1 details till GSTR 3B, how would auto-population of GSTR 2B on 14th be managed by the system?
Or will this lead to another change in reporting requirements?
7 years and GST returns are still evolving!

[Pritesh Chhajed @PriteshChhajed]

#GST #FinanceMinister

[Pritesh Chhajed @PriteshChhajed]

#GSTtrivia If u sale used capital asset on which you have availed input credit, pro-rata credit needs to be reversed assuming the useful life to be 5 yrs; irrespective of the actual useful life. For computers, etc actual useful life is lower, but due to 5 yrs rule, ITC is lost

[Pritesh Chhajed @PriteshChhajed]

@Infosys_GSTN just one month left for filing of GSTR 9/9C. Yet, the values are last updated on 31 July....pls update asap so that GSTR 9/9C can be filed timely.

[Pritesh Chhajed @PriteshChhajed]

GSTR 2A values are updated only till 31 July in GSTR 9- 8A Table. This is a huge lag and needs updation immediately. If we file GSTR 9 with old 2A amts (due date is approaching), authorities shall consider filed GSTR 9 values (lower) to issue mismatch notices #gstr9c @cbic_india