Countries implementing value-added tax with credit mechanisms are grappling with the global menace of input tax credit frauds. In an attempt to curb this menace, the GST law introduced various ...

Finance Ministry on Wednesday clarified by businesses can claim GST refunds by simply submitting a printout of 'GSTR-2A' form to tax authorities instead of giving all purchase invoices of a month.

Once a taxpayer files GSTR-1 by October 10, the corresponding entries in GSTR-2A of his buyer will get auto-populated. The government on Monday said the deadline for filing the first of the ...