GST Amnesty Scheme Procedures: GSTN Advisory
GSTN advisory on procedure for one-time amnesty scheme for taxpayers who missed the deadline to file appeals against GST demand orders passed before March 31, 2023.
Discard Original ITR: Eligibility, Process and Implications Explained
The income tax department now allows taxpayers to discard original unverified returns under Section 139. Understand eligibility, process, implications and key aspects about using the new discard return facility.
CBIC Instructions 4/2023: Transparency in GST Proceedings by Field Formations
CBIC has released Instruction 4/2023 regarding the serving of summaries of notices and orders against taxpayers under GST to bring more transparency and accountability in proceedings against taxpayers. As …
ICAI Issues Exposure Drafts on Standards for LLP Auditing
The ICAI has released exposure drafts of 35 Standards on Auditing to make them applicable for limited liability partnership audits in India, similar to company audits.
CGST Delhi East Busts 48 Fake Firms in Rs 199 Crore GST Fraud
In a major GST fraud bust named Operation Clean Sweep, CGST Delhi East officials uncovered a network of 48 fake firms involved in circular trading of Rs 199 crores …
Monitoring Auditing Standards Compliance: ICAI’s New Review Tool
ICAI has introduced a comprehensive Review & Monitoring Tool with checklists and dashboards to aid audit firms in adhering to Standards on Auditing Compliance.
GSTN Advisory on Direct API Integration with IRPs for E-Invoicing: A Comprehensive Guide
GSTN's comprehensive guide for direct API integration with the 6 IRPs for e-invoice reporting under GST, covering sandbox access, registration, API limits, documentation and support.
GST Rates for Bio-Fertilizers and Immunity Boosters Clarified by Telangana AAR
Telangana AAR ruling provides clarity on GST rates for bio-fertilizers & immunity boosters, setting an important precedent for agriculture & healthcare companies.
ITC Mismatch (GSTR-2B/3B): GSTN Advisory on Online Compliance
GSTN advisory explains compliance process about new functionality for taxpayers to explain ITC differences between GSTR-2B & GSTR-3B online using Form DRC-01C.
GSTN Advisory on ITC Reversal under CGST Rule 37A (FY 2022-23)
A summary of the key points in the recent GSTN advisory regarding the requirement for taxpayers to reverse input tax credit under CGST Rule 37A by 30th November, 2023.