Earlier, the government appointed the former Planning Commission Member as head of the 15th Finance Commission. In a massive bonanza, the GST Council on November 10 made a slew of recommendations in ...

Explains how a credit note rejection led to excess GSTR-3B tax without IMS visibility. The key takeaway is that system adjustments can occur silently, increasing supplier ...

GSTR 9: Goods and Services Tax Return or GSTR 9 is an annual return that is supposed to be filed by GST-registered taxpayers. GSTR 9: There are four types of returns to be filed under GSTR 9 – GSTR 9, ...

The government accepted key professional suggestions to simplify annual GST reporting. The update allows ITC payments, ...

The Central Board of Indirect Taxes & Customs (CBIC) on late Tuesday evening notified that the due date for filing GSTR-3B for the month of April has been extended till May 24. The CBIC also informed ...

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 ...

GSTR-7 returns: The Goods and Services Tax Network (GSTN) has issued a reminder for all GST-registered taxpayers who are required to deduct Tax Deducted at Source (TDS) under the GST law, emphasising ...

The Central Board of Indirect Taxes & Customs (CBIC) has waived the requirement of filing Annual Return in Form GSTr-9 for taxpayers with annual turnover up to ₹2 crore. In a tweet, CBIC also ...

Simply put, the GSTR-4 Amnesty Scheme gives non-filers a chance to clear their pending returns and in turn avoid significant penalties. There are two types of GST registration for taxpayers in the ...