Eye Share: GSTR-2B - A Half-Baked Auto-Drafted ITC Statement?

Pursuant to 39th GST Council Meeting’s recommendation, GSTN launched GSTR-2B with an enhancement of auto-drafted input tax credit (ITC) statement. Author Nikhil M. Jhanwar (N M Jhanwar & Associates, Chartered Accountants) in his article explains in detail the features and limitations of this GSTR-2B. With the information furnished by suppliers through GST Returns – GSTR 1, GSTR-5 and GSTR-6, author notes that GSTR 2B will provide the suggested...