The GST & Indirect Taxes Committee (GST & IDTC) of the Institute of Chartered Accountants of India (ICAI) has released the revised 3rd Edition of its flagship publication – “Handbook on Returns and Payments under GST” (March 2026 Edition).
This updated edition serves as a comprehensive and practical guide for taxpayers, professionals, and stakeholders, incorporating the latest amendments and procedural developments in the GST framework.
Key Highlights of the Revised Edition
The handbook has been updated up to February 2026 and covers significant developments, including:
- Introduction of the Invoice Management System (IMS) for improved compliance and data matching
- System-based intimations for:
- Tax liability mismatches (Rule 88C)
- Input Tax Credit discrepancies (Rule 88D)
- Mandatory registration of Input Service Distributor (ISD) effective from April 1, 2025
- Detailed guidance on:
- GST return forms (GSTR-1, GSTR-3B, GSTR-9, etc.)
- Due dates and compliance requirements
- Electronic cash, credit, and liability ledgers
- Mechanism for utilization of Input Tax Credit (ITC)
Objective of the Publication
The revised handbook aims to:
- Simplify GST return filing and payment procedures
- Enhance understanding of compliance requirements under GST law
- Provide practical insights and clarity to professionals and businesses
- Strengthen transparency and efficiency in GST administration
Significance
GST returns and payments form the backbone of the GST compliance framework, ensuring accurate reporting, seamless flow of ITC, and effective tax administration. This handbook acts as a ready reference tool for navigating the evolving GST ecosystem.
Conclusion:
The revised edition is expected to be a valuable resource for Chartered Accountants, tax professionals, and businesses, supporting better compliance and informed decision-making under GST.
The Complete handbook can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2026/04/Handbook-on-Returns-and-Payments-under-GST.pdf
