Business Today

Glitch in GSTR-2B, GSTR-3B on portal; deadline may be extended: CBIC

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 ...
Hindustan Times

Input tax credit: GSTR-2B statement delayed by 2 days, use recompute option

The GSTR-2B (input tax credit) statement will now be generated two days later on Thursday, January 16, from the originally scheduled date of January 14, for the December 2024 tax period. The draft ...
Zee Business

Goods and Services Tax Network launches auto-drafted ITC statement GSTR-2B for July

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 ...
Business Line

Invoice Management System to be operational from October 1

In an effort to enhance input tax credit (ITC) ecosystem, an assessee will be able to use Invoice Management System (IMS) from October 1. This system will allow the recipient taxpayers to either ...
The Financial Express

Can modifications in GSTR-3B format put an end to fake invoicing menace?

Credit and Finance for MSMEs: The fraudulent Input Tax Credit (ITC) claims have been on the rise, especially with the uncovering of many fake firms which were set up to issue fake invoices. This may ...