New Method and Modification in GST Returns

As per Government source GSTR-2A will reflect return filing status (GSTR-1 and GSTR-3B) of vendors, GSTR-2B referred as auto-drafted ITC statement to provide advice on credit that can be availed, credit to be reversed etc. will be introduced soon.

According to views, this is a good step towards improvement in the GST system. Which will also make all taxpayer file their returns on time as well as they will have proper tracking of the supplier who has not filed their returns and can ask them on a timely basis to not missout any ITC which is available to them.



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