Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

Navigating ITC Double Claiming Risks Post-GSTR-2B Introduction: A Guide for GST Compliance ...

Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.

Reject: Rejected invoices (towards ineligible credits) are moved to the "ITC Rejected" section in GSTR-2B and do not auto-populate in GSTR-3B. Pending: Pending invoices remain on the dashboard for ...

This is in relation to the violation of excess input tax credit (ITC) of Rs 4.42 crore, which the company claimed in GSTR – 3B, which is beyond the available ITC in GSTR – 2B of October, 2024. "The ...