Will credit availability fall with additional fields in GSTR 2A? Check how it may affect you

Countries implementing value-added tax with credit mechanisms are grappling with the global menace of input tax credit frauds. In an attempt to curb this menace, the GST law introduced various anti-abuse provisions, which included matching the GST credit taken by a taxpayer with the GST paid by its supplier over the GSTN. This was the first time that any country across the world with a large volum…