#gstr-2b

Tax Liability Declared vs. ITC Claimed – Comparison Report Edition: September 2025Disclaimer: This manual is prepared for compliance facilitation. It does not substitute notifications, circulars, or statutory provisions. Users should cross-check with law and GSTN portal updates. ✍️ Preface GST provides a digital tool for taxpayers to reconcile tax liability declared in GSTR-1/GSTR-3B with ITC…

A. The Law Relevant Sections – CGST Act, 2017 Section 16: Eligibility & conditions for ITC. Section 37 & 39: Furnishing of outward & inward supplies and returns. Section 168: CBIC’s power to prescribe procedures. Relevant Rules – CGST Rules, 2017 Rule 60: Communication of inward supplies through auto-drafted statements. Rule 36(4): Restriction on ITC availment based on GSTR-2B. Key…

GSTR-2B Not Showing On Portal After the roll out of IMS, there is a lot of confusion among taxpayers about availability of GSTR-2B on GST Portal. GSTN Removes Confusion In this regard, the GSTN has issued advisory for the same to remove confusion among taxpayers. The GSTN said in the advisory that in case the taxpayer has opted for QRMP scheme (Quarterly filers), GSTR-2B will not be generated…

Invoice Management System (IMS) IMS is an optional facility introduced from October 2024 on GST Portal, on which the invoices/ records saved/ furnished by the supplier in GSTR-1/ 1A/ IFF, can be accepted, rejected or kept pending by recipients. Based on the action taken by the recipient on the IMS, system will generate the GSTR 2B of the recipient on 14th of subsequent month. The Taxpayer can…

What Is IMS? IMS is termed as Invoice Management System. This new system will facilitate taxpayers in matching their records/ invoices issued by their suppliers for availing the correct Input Tax Credit (ITC). Taxpayers can now make use…