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CBDT issued corrigendum to rectify various typing errors, incorrect references, number inconsistencies, and terminological inaccuracies in multiple rules, forms, and notes in the Income-tax Rules, 2026
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Goods And Services Tax
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Advisory on Re-Computation of Interest under Table 5.1 of GSTR-3B.
The GST Portal auto-calculates interest on delayed filing and reflects it in Table 5.1 of the subsequent GSTR-3B, which can be verified through the system-generated GSTR-3B PDF by navigating to Login → Return Dashboard → Select Period → GSTR-3B → Prepare Online. However, due to a technical issue, the interest for February 2026 (appearing in the March 2026 GSTR-3B) may have been incorrectly computed, as the benefit of the balance available in the Electronic Cash Ledger in accordance with Rule 88B(1) may not have been considered. To address this, a “RE-COMPUTE INTEREST” option has been provided under Table 5.1, enabling taxpayers to recalculate the correct interest liability. Taxpayers are advised to verify the revised amount in the updated system-generated PDF and manually update Table 5.1 accordingly, ensuring that the interest entered is not less than the recomputed value.
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IMS (Invoice Management system) offline Utility
The IMS Offline Utility is introduced to improve ITC governance and GST compliance by enabling bulk invoice processing and faster reconciliation compared to the slower, manual portal method; it works through three phases—data extraction (downloading GSTR-2B JSON from the portal), execution (processing invoices in the Excel-based utility), and synchronization (uploading the updated JSON back to the portal); the process involves downloading the JSON from the IMS dashboard, opening it in the offline tool with macros enabled, reviewing invoices and marking actions in Column as Accept, Reject, Pending, or No Action, generating a new JSON file after completing the review, uploading it back via the “Prepare Offline” option under Inward Supplies, and finally recomputing GSTR-2B to reflect the updated ITC decisions on the dashboard, completing the invoice management cycle efficiently.
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