
A new feature is added in the Invoice Management System (IMS) on the GST portal for imported goods

taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register.

The High Court has held that input tax credit for mentioning the wrong GSTIN of the recipient in the GSTR-1 return will be available subject to verification as per the procedure prescribed in CBIC Circular

GSTR-2B is an auto-drafted ITC statement which is generated for every normal taxpayer on the basis of the information furnished by his suppliers in their respective GSTR-1/IFF, GSTR-5 (non-resident taxable person) and GSTR-6 (input service distributor). The statement indicates availability and nonavailability of input tax credit to the taxpayer against each document filed by his…