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 ...
Indore: Tax professionals and registered taxpayers in Madhya Pradesh have renewed their demand for a three-month extension of ...
In light of recent modifications to the GSTR-9 and GSTR-9C forms, chartered accountants are advocating for a three-month extension on the submission of Goods and Services Tax annual returns for FY ...
Several GST practitioner and tax professional associations across the country have urged tax authorities to extend the filing ...
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 ...