Further, building on experience from the rollout of GSTR-2A and GSTR-2B, the Invoice Management System (IMS), launched in October 2024, should be made mandatory.

Results are presented in Figures 2a and 2b. The market value-weighted portfolios had similar results to those in Figure 1b—the top quintile outperformed the bottom quintile.

According to the notice, Rs 81.45 crore of the proposed disallowance relates to mismatches between GSTR-2A and GSTR-3B filings. An additional Rs 47.53 lakh pertains to ITC claimed on supplies from ...

Under GST, garments and apparel fall under Chapters 61 (knitted or crocheted) and 62 (non-knitted) of the Customs Tariff Act, 1975. The applicable GST rate is driven by the value of the individual ...