The Rs 34,000 cr GST riddle: Why the differences in GSTR-3B and GSTR-1 should not alarm the Government

The GST Council in its meeting on March 10 decided to continue with relief for exporters, defer reverse charge mechanism as well as defer applicability of TDS and TCS provisions. These measures will reduce hardships to exporters who are already reeling under delay in processing of their refund applications; and also buy time for unregistered dealers before reverse charge mechanism comes into play.…