Can modifications in GSTR-3B format put an end to fake invoicing menace?

Credit and Finance for MSMEs: The fraudulent Input Tax Credit (ITC) claims have been on the rise, especially with the uncovering of many fake firms which were set up to issue fake invoices. This may have prompted the government to consider a revision in the GSTR-3B format to curb and combat the fake ITC claims. GSTR-3B, a summary statement and monthly GST payment form, has staggered due dates (20th, 22nd, and 24th of each month) based on the taxpayer’s category. Currently, the taxpayer has to report the ITC available, ITC reversed, net ITC available, and ineligible ITC in GSTR-3B. The portal auto-populates the ITC available figure from GSTR-2B, and the taxpayers are allowed to edit the figures.

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