https://www.thehindubusinessline.com/economy/businesses-have-3-weeks-to-avail-itc-correct-compliances-in-gst-returns-for-fy24/article68851931.ece Copy Businesses have ...
The High Court quashed both adjudication and appellate orders after finding that GST return data was not examined. The matter was remanded for fresh decision with opportunity of ...
The court held that ITC disallowance under Section 16(4) became unsustainable due to retrospective statutory amendment and remitted remaining issues for fresh adjudication with conditional ...
"Currently, suppliers file GSTR-1, which auto-populates their GSTR-3B and also feeds into the buyers' GSTR-2B. If suppliers make an error or want to adjust their tax ...
The Central Board of Direct Taxes (CBIC) has extended the deadline to file monthly GST return using GSTR-1 and GSTR-3B form, both by 2 days each. The deadline for those who are filing monthly GSTR-1 ...
The GST Council has introduced a significant procedural change in the GSTR-9 Annual Return for FY 2024–25, aimed at improving accuracy and reducing ambiguity in Input Tax Credit (ITC) disclosures. The ...
When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...
https://www.thehindubusinessline.com/economy/gst-itc-fraud-cases-surged-41-amount-detected-jumped-28-in-apr-jan-over-full-fy24/article69333517.ece Copy Total number ...