The IRISGST Times
Volume 74 | February, 2024
What’s Inside
Dear Readers,
Welcome to the February edition of our IRIS GST Times Newsletter!
There were several changes to the Indian GST landscape in 2023, and with February already behind us, 2024 has gotten off to a flying start. Although we do not have a crystal ball, we anticipate that this trend will continue and that there will be several regulatory developments this year, particularly in the GST realms.
February was a pivotal month for many of us as we gear up for the upcoming tax season. With deadlines looming and regulations evolving, it’s more important than ever to stay informed and prepared.
We will continuously monitor this taxation landscape, and keep a close eye on the following:
- Top GST News and Updates of February 2024
- Our Industry Interactions via Webinars and Events
- IRIS LMS: A Cloud-based Litigation Management System – A solution to simplify your Tax Audit and Litigation
- Compliance Calendar for March 2024
Our team has curated a range of informative articles, and the latest news to empower you on your tax journey.
So, sit back, and dive into the wealth of knowledge we have in store for you this February. As always, we’re here to support you every step of the way.
Warm Regards,
Suchita,
Editor, IRISGST Times
GST Updates
Product Highlight
For over years, businesses have been preoccupied with saving Input Tax Credit (ITC) and are evidently unprepared when faced with show cause notices. It is imperative for businesses to keep themselves ready for every GST notice, considering the changes that have occurred over time.
Furthermore, they must grasp every intricate detail concerning departmental audits and litigation within the GST framework. Companies must well prepare their cases and to do so they must collate, maintain and validate data required for departmental audits on a proactive basis.
However, storing documents, such as Notices, Orders, relevant case laws, scanned documents, workings or returns, compliance, reconciliations, etc., is not at all an easy task.
To help your business seamlessly organize your tax data and prepare you to face GST audit and track the GST litigation, you can opt for IRIS Litigation Management Software.
IRIS Litigation Management System (LMS) is a cloud-based solution simplifying your GST Audit and Tax Litigation.
IRIS LMS Offerings
- Data & Document Archiving
- Tax Position Repository
- Checklist-driven Data Archival
- Track & Manage Audits
- Proactive Alert Mechanism
- Transaction Matrix
- Single Repository
- Analytics Dashboard
- Master Reports
- Contingency Liability Reporting
- Dataflow Design
Now Choose IRIS LMS & Get
- All-in-one store for legal documents and notices
- A collaborative platform to store and retrieve notices
- Better data and status visibility
- 100% secure, efficient and automated
- Increased control of letters, replies, communications and vital documents in SFTP folders
Never miss legal due dates and save penalties!
For more information on IRIS LMS, kindly mail us at support@irisgst.com
GST Compliance Calendar
Here’s a comprehensive image of the GST Compliance Calendar, helping you remain GST complaint. It comprises all GST due dates for the month of March 2024.
Click here to read: GST Due Dates- March 2024 Calendar
By Swati Ajmera
We hope you enjoyed reading this issue of IRIS GST Times and found it informative! Do write us back and let us know what was a hit or miss for you from this issue. Our email id is: support@irisgst.com
We welcome and value every feedback, be it via comments, replies on Social platforms or emails. Thank you for appreciating our efforts and staying connected.
CONTACT US
Have feedback for us? Want to request for our product demos? Please reach out to us at
Leave a comment