https://www.taxtmi.com/article/detailed?id=6517 The proposed single electronic GST Returns framework mandates periodic filing (including nil returns) across taxpayer categories, prescribes distinct return forms and due dates, and requires invoice level reporting for outward and inward supplies. GSTR 1 supplies data; GSTR 2 is auto populated from supplier filings but allows recipient edits; GSTR 3 consolidates aggregates and handles adjustments, carry forwards and refund claims. Electronic ledgers track tax, cash and input tax credit. The IT system issues acknowledgements, generates defaulter lists for non filers, and automates Input Tax Credit matching and reversals in subsequent returns. en-us Tue, 10 Nov 2015 11:14:59 +0530 Tue, 10 Nov 2015 11:14:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6517 The proposed single electronic GST Returns framework mandates periodic filing (including nil returns) across taxpayer categories, prescribes distinct return forms and due dates, and requires invoice level reporting for outward and inward supplies. GSTR 1 supplies data; GSTR 2 is auto populated from supplier filings but allows recipient edits; GSTR 3 consolidates aggregates and handles adjustments, carry forwards and refund claims. Electronic ledgers track tax, cash and input tax credit. The IT system issues acknowledgements, generates defaulter lists for non filers, and automates Input Tax Credit matching and reversals in subsequent returns. Articles Goods and Services Tax - GST Tue, 10 Nov 2015 11:14:59 +0530 https://www.taxtmi.com/article/detailed?id=6517