In a major relief to tax payers, the Government is planning to allow re-opening/ editing or modification of GSTR 3B under the new tax regime.
“A detailed circular in this regard is being issued shortly,” the Official twitter handle of the Government said today.
The Government, in a set of Frequently Asked Questions (FAQ) released in the twitter handle, also defined the term “inverted tax structure” as “inverted tax structure is where rate of tax on inputs is higher than the rate of tax on output supplies.”
It also said that one can amend the registered email and mobile number of the registered proprietary firm by filing form GST REG-14 on the common portal.
Further, input tax cannot be claimed by composition dealers who paid tax under reverse charge.
Tweet FAQs of the day! pic.twitter.com/Oh2EKiyboG
— GST@GoI (@askGST_GoI) December 13, 2017
Tweet FAQs of the day! pic.twitter.com/fSRfRVSzJ5
— GST@GoI (@askGST_GoI) December 13, 2017