GST 2.0 and Beyond: Navigating India's Tax Transformation - BW Legal World

From 1 April 2026, the GST portal enforces a zero-mismatch policy, any difference between invoices in your GSTR-2B and what you have claimed simply blocks return filing. Combined with the blocked ITC from compensation cess in sectors like automobiles and coal, how serious a working capital crisis are we looking at for large Indian corporates right now? The zero mismatch policy should not be much o…