Don’t forget to report ITC reversed but not reclaimed yet!! | Op Bal Declaration | What's New | GST

The video attempts to explain the new functionality introduced on the GST portal 'Electronic credit reversal & re-claimed statement'. Watch video to understand the importance of the functionality on input tax credit, opening balance declaration, how to submit it on the GST portal and more.

0:00 Intro 0:27 Availing ITC 1:42 ITC reversal & reclaim 4:56 New functionality 5:19 Transactions in the new statement 7:10 Opening balance declaration 8:39 Reporting op balance on the GST portal 9:47 Timeline 10:54 Reclaim in excess of reversal? 11:34 What if you don't report?

#gst #gstreturn #new #changes #gstcouncil #itc #inputtaxcredit #functionality #ecredit #declaration #opbal #reversal #reclaim ... https://www.youtube.com/watch?v=2eTD0of7h28