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HomeGST NEWSGovernment to introduce Form GSTR 2B

Government to introduce Form GSTR 2B

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Government is planning to continue with its existing GST return system.  The proposed new GST return system with return Forms ANX-1, ANX-2, RET-1 and RET-2 is no longer being launched as per the information available.  Rather, the existing return shall be modified and its advanced version shall soon be made available.  A new form GSTR 2B is being launched in respect of Input Tax Credit.  The amended versions shall allow matching of input tax credit, linking output and input tax between GSTR 3B and GSTR-1 and GSTR 2A respectively.  The amended version of existing returns would basically link the existing forms and introduce stronger controls against tax evasion.

 

https://www.businesstoday.in/current/economy-politics/govt-dumps-new-gst-return-system-to-continue-with-modified-version-of-existing-one/story/410796.html

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