The three changes announced in the GST return filing rules, per the recent notification, will help streamline the tax filing process for taxpayers, increase transparency and also better traceability ...

New Delhi [India], August 13: The GST tax system was first introduced in 2017 in India. As of the present year records, the number of tax filers has increased from 68% (FY 2017-2018) to 90%. Various ...

The CBIC is planning to introduce a monetary limit for issuing GST demand notices to reduce unnecessary disputes and avoid notices on flimsy grounds. The board will release instructions to field ...

The Goods and Services Tax Network (GSTN) will initiate Phase III of mandatory harmonized system of nomenclature (HSN) code reporting next month. This move aims to enhance the accuracy and consistency ...

"One area where a few taxpayers were making errors frequently was utilisation of input tax credit (ITC) and computation of balance... Read More "One area where a few taxpayers were making errors ...

Over 71.4 million income tax returns have been filed for AY 2022-23 by December 25 this year, of which 64.9 million have already been processed. With due dates for two key tax return filings ...

The annual compliance process for GSTR-9 and GSTR-9C has seen major changes, with frequent notifications and clarifications ...

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