GST
Monthly check of key suppliers' GSTIN status
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
Search Taxpayer on the GST portal shows a GSTIN's status, registration date, cancellation date if any, and return filing history. A monthly look at key suppliers protects your credit under Sec 16(2)(c).
Provisions and law
- Sec 16(2)(c), CGST Act 2017ITC only if the tax charged has actually been paid to the government by the supplier
- Sec 29(2), CGST Act 2017Officer may cancel registration, including for not filing returns for the prescribed period
- Rule 37A, CGST Rules 2017ITC to be reversed by 30 November if the supplier has not filed GSTR-3B for that period
Analysis
If a supplier from whom you bought ₹20,00,000 this year shows cancelled from June, invoices after June are at risk. Red flags include very recent registration with large billing, no filing history, and addresses that do not match. Stop further purchases until resolved.
Conclusion
- List top suppliers by value
- Check each on Search Taxpayer
- Note any cancellation or missing returns
- Hold payment and purchases for suppliers with red flags
A Savvy can do this for you
Monthly health check: books vs GSTR-1 vs GSTR-3B vs GSTR-2B
₹1,999
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