The Goods and Services Tax Network (“GSTN”) has issued an advisory alter to the taxpayers who are filing GSTR – 6 on the GST portal. The following are the advisory for such taxpayers are as under:-
- Changes are being made in the credit utilization criteria in Form GSTR-6, filed by Input Service Distributors (ISDs). These changes are likely to be implemented on the GST portal with effect from April 14, 2020.
- During the implementation of this change, any data which is lying in Form GSTR-6 of ISDs, in saved stage, will be lost. Thus, if there is some data, filled up in Form GSTR-6 and is in saved stage (which is not Submitted so far), that data will not be available to ISD, in their Form GSTR 6, for its further use. ISD will be required to fill up this data (which was in the Saved stage and now lost due to implementation of change) again in their Form GSTR 6.
- All the Input Service Distributors (ISDs) are, therefore, requested to take note of this and take suitable action accordingly.
Read More at: https://www.gst.gov.in/newsandupdates/read/374