This GST compliance checklist 2025 highlights essential updates to help businesses stay compliant in the new financial year.
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Form GST DRC-01A plays a pivotal role as a preliminary intimation to taxpayers regarding discrepancies or liabilities identified by tax authorities.
Waiver of Interest & Penalty Under CGST Act: The CBIC has introduced Section 128A under the CGST Act, effective November 1, 2024.
The introduction of Form DRC-03A on July 10, 2024, through Notification No. 12/2024, has added a new layer of convenience to the GST regime.
CBIC's GST Circular No. 237/31/2024 clarifies retrospective provisions in Sections 16(5) and 16(6) of the CGST Act, introduced via the Finance Act (No. 2) of 2024.
An overview of key amendments to the GST appeal process in India, focusing on Rules 110, 111, and the introduction of Rule 113A, as outlined in GST Notification 12/2024.
The revised GSTR-3B form is a crucial development in India's GST regime, allowing businesses to correct errors and discrepancies in their tax filings. This blog delves into the benefits, such as enhanced accuracy and reduced penalties, as well as the challenges, including implementation complexities and potential misuse.
In the intricate world of finance, tax planning emerges as a crucial strategy for businesses aiming to maximize their returns while minimizing tax liabilities. This blog delves into the significance of tax planning and outlines effective strategies, including the selection of entity structure, leveraging deductions, and the importance of professional consultation.
Discover how businesses can navigate the complexities of Input Tax Credit (ITC) litigation successfully. From ensuring thorough documentation to leveraging innovative technology solutions, explore effective strategies and solutions to optimize tax credit claims and mitigate risks associated with ITC disputes.
This article outlines key GST notice triggers, including late filings, ITC issues, return inconsistencies, and more. Highlighting the need for strict compliance through high-profile examples, it serves as a guide for businesses to navigate GST regulations effectively and maintain operations.
Dr. Reddy's Laboratories Ltd. faces tax notice from GST authority. The demand amounts to a staggering Rs 74.22 crore, marking a notable financial challenge for the company.
GSTR 3B Rectification allowed by Kerla HC when ITC in GSTR 3B return accounted as IGST credit instead of CGST and SGST credit erroneously.
