Missing column in GSTR 3B form leaves input claims a shaky edifice

NEW DELHI: Companies have hundreds of crores of rupees in input tax credit but they may still need to pay the goods and services tax (GST) for July and August in full, potentially disrupting working capital flows.

That’s because the relevant GSTR 3B form doesn’t provide any column for carry-forward of credit from the earlier regime of central excise duty, service tax and valuea-dded tax. Companies will thus be unable to adjust the tax paid against their liability. Experts said this ..

Source:
http://economictimes.indiatimes.com/articleshow/59871112.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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