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 ...

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 ...

This guide explains the fundamentals of GST, including CGST, SGST, IGST, and UTGST. It also highlights how these classifications impact GST filing and input tax credit ...

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) has announced a significant change in the filing of GST returns, mandating that returns cannot be filed after three years from their original due date, ...

The Uttar Pradesh cabinet on Tuesday approved various amendments in the Goods and Services Tax (GST) Bill which will make it easier for traders to file for input tax credit. Finance minister Suresh ...

While compliance and collections have increased steadily, handling GST return filing complexities might appear overwhelming to some businesses. But with a straightforward method consisting of simple ...

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 ...

Missing GST return deadlines triggers late fees under Section 47 and interest under Section 50, both calculated separately. Understanding the applicable rates, caps, and filing sequence can help ...

With all the Income Tax Returns (ITR) forms for the Assessment Year 2025-26 (AY26) notified and filing to start soon, the assessees need to be mindful of reconciliation in information under GST and ...