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 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 …
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.
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 …
ICAI has introduced a comprehensive Review & Monitoring Tool with checklists and dashboards to aid audit firms in adhering to Standards on Auditing Compliance.
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.
Telangana AAR ruling provides clarity on GST rates for bio-fertilizers & immunity boosters, setting an important precedent for agriculture & healthcare companies.
GSTN advisory explains compliance process about new functionality for taxpayers to explain ITC differences between GSTR-2B & GSTR-3B online using Form DRC-01C.
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.
Punjab government has introduced a one-time settlement scheme for recovery of outstanding VAT, CST, GST dues up to Rs 1 cr where assessments done till 31 March 2023. Know …