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 ...

Ever since the government decided to put the new GST return system on hold, there have been several welcome changes made to the current GST return filing flow. With the new GSTR-2B form introduced, ...

GST annual return has to be mandatorily filed for FY 2023-24 by every GST registered taxpayer with a few exceptions by on or before December 31, 2024. However, before you file the annual return make ...

The issue of technical glitches at the government’s tax portals has resurfaced, putting service provider Infosys on the spot. With snags in the goods and services tax network (GSTN), the Central Board ...

The Central Board of Indirect Taxes & Customs (CBIC) stated on Tuesday that Infosys reported a glitch in the “generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal”. It added that ...

GSTN said that GSTR-2B is going to be an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective ...

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 ...

Goods and Service Tax Network (GSTN) on Saturday launched GSTR-2B for the month of July 2020 as an auto-drafted input tax credit (ITC) statement. The launch of this GSTR-2B is expected to reduce the ...

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 ...