The dispute involved ITC denial due to mismatch between GSTR-3B and GSTR-2A. The Court quashed the orders and held that authorities must apply Circular 183 and re-decide the ...

The guidance highlights that mismatches in turnover, ITC, or tax liability between books and returns can trigger audits and ...

The GST annual return, GSTR-9, is rarely discussed until a tax notice lands in a taxpayer’s inbox. With the December 31 ...

Several GST practitioner and tax professional associations across the country have urged tax authorities to extend the filing ...

Indore: Tax professionals and registered taxpayers in Madhya Pradesh have renewed their demand for a three-month extension of ...

Micro enterprises are defined as businesses with annual turnover of up to Rs 10 crore under the revised MSME norms.

India’s 73 million MSMEs contribute 30% to the GDP and 45% to the overall exports. The proposed reforms, which follow a cut ...

The Union government is considering measures to ease the goods and services tax (GST) compliance burden for small businesses ...

The GST Council’s latest reforms deliver long-awaited relief to India’s IT sector and Global Capability Centres by restoring export benefits, easing compliance and possibly improving cash flows. The ...

NEW DELHI, Dec 1 (Reuters) - India unveiled two new tax bills in parliament on Monday, aiming to overhaul levies on "sin goods" such as tobacco, a spice mix known as pan masala and other items, ahead ...