You will get to know if the ITC has to be availed as per your GSTR-2A or GSTR-2B. Staying true to the above maxim, let me explain this with a very easy-to-understand example rather than going into the ...

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 ...

Finance Ministry on Wednesday clarified by businesses can claim GST refunds by simply submitting a printout of 'GSTR-2A' form to tax authorities instead of giving all purchase invoices of a month.

In October 2018, Bharti Airtel claimed that it had paid excess GST of Rs 923 crore for July-September, 2017 in the absence of a purchase-related tax return form called GSTR-2A. GSTR-2A was not ...

What is the new Form GSTR-2B, and how is it different from the existing Form GSTR-2A? GSTR-2B is an auto-drafted monthly statement, which provides a taxpayer with details of the input tax credit ...

So what could be the reasons for mismatches in the GSTR-2A data? Explains Archit Gupta, Founder and CEO - ClearTax: One such area is the table 8A i.e. Input Tax Credit as per GSTR-2A. This table ...

The Central Board of Indirect Taxes and Customs (CBIC) on Saturday said that two new tables have been inserted in GSTR-2A for displaying details of import of goods from overseas and inward ...

The existing GST returns in forms GSTR-1, GSTR- 2A and GSTR-3B are getting a complete makeover. GSTR-1 relates to returns filed by suppliers for all outward supplies. GSTR-2A relates to purchases ...