B, 2A, and books differ, how mismatches occur, and the steps founders must take to claim ITC correctly and stay ...

The Court held that an adjudication based solely on GSTR-3B and GSTR-2A mismatch cannot stand when the prescribed procedure under Circular 183/15/2022-GST is not followed. The matter was remanded for ...

Countries implementing value-added tax with credit mechanisms are grappling with the global menace of input tax credit frauds. In an attempt to curb this menace, the GST law introduced various ...

One such area is the table 8A i.e. Input Tax Credit as per GSTR-2A. This table contains data which has been auto-populated from the GSTR-2A return. In fact, GSTR-2A is also an auto-populated return ...

The cascading effect that lingered under excise, VAT and service tax can be removed in Goods and Services Tax (GST) by allowing an uninterrupted and seamless chain of Input Tax Credit (ITC). ITC is ...

As GST is a single tax levied across India right from the manufacture of goods/ services till it reaches the end customer, the chain does not get broken and everybody is able to take benefit of the ...

The government has recently made some changes in the GST return filing system. The return forms proposed earlier called the RET forms with ANX (annexures) have been shelved. The existing GST returns ...

The Central Board of Indirect Taxes and Customs issued a notification on Wednesday amending the rules for claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST). In a move that will ...