GSTR-2: Firms using it to track suppliers

Even though the triplicate transaction-wise goods and services tax (GST) returns remain suspended, businesses are making use of the inward-supplies form, GSTR-2, to guard themselves against audit by the taxman. Taxpayers are now mandated to file only the outward-supply return GSTR-1 and a simple summary interim return GSTR-3B, with which they pay tax and claim input tax credits. However, since the…