Is the new GST return filing system really simple? Reconciliation holds the key

Since the inception of Goods and Services  Tax ( GST ), the main intention of the government was to have a robust system for allowing invoice level reconciliation of transactions. It was envisioned in the form of the returns- GSTR-2 and GSTR-3. However, the government had to replace them since it was cumbersome for the taxpayers, especially small businesses to file multiple returns on a month…