Understand how to manage inadvertently rejected invoices, debit notes, and credit notes on IMS, including ITC claims for ...

GSTR-2B will not have invoices if the supplier has not filed GSTR-1. Based on ITC appearing in GSTR 2B, the buyer will file GSTR 3B. This is how the system is interconnected." ...

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”.

The notification also mentioned that input tax credit (ITC) gets auto populated in GSTR-3B from GSTR-2B only if the taxpayer has not saved any data in GSTR3B for the tax period.

The new form GSTR-2B will also contain data from the ICES/ICEGATE portal, that is, ITC relating to the import of goods, including imports made from Special Economic Zone units/developers.

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.

Put simply, GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of information furnished by his suppliers in their respective GSTR-1, ...

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 product automates the reconciliation of GSTR 2A and 2B with Books of Accounts and thereby saves a lot of time and money for the Users. Input credit means at the time of paying GST on output, ...