Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer shall get auto populated.
The buyer shall finalise his GSTR-2 after making modifications, if required, in GSTR-2A and avail the Input Tax Credit (ITC).
"If a taxpayer does not file GSTR-1 by October 10, then his buyer may face difficulty in availing ITC of the tax paid on his supplies," it said.
The ministry said all suppliers of goods or services, especially B2B suppliers, furnish their outward supply details in GSTR-1 by the due date so that no difficulty is faced by
their buyers in availing ITC.
The government has already collected over Rs 95,000 crore as GST in July, the first month of roll out of the Goods and Services Tax.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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