The IRISGST Times
Volume 79 | July, 2024
What’s Inside
Dear Readers,
Welcome to the latest edition of our IRIS GST Times Newsletter!
GST in India completed seven years in July 2024. While its implementation has been a monumental task, unifying a complex tax structure, challenges related to rate rationalization and compliance persist. The government continues to address complexities, especially in certain sectors, and strives for a more rationalized tax structure to optimize GST’s potential for businesses and the economy.
Discussing the latest news, the post-election budget presented on July 23rd introduced several measures aimed at boosting economic growth. While specifics on GST rate rationalization were awaited, the budget emphasized continued support for infrastructure development and digital initiatives.
Here’s a glimpse of what’s inside this month’s edition:
- Top GST News & Updates in July 2024
- Our Industry Interactions via Webinars & Events
- IRIS Litigation Management System
- Compliance Calendar for August 2024
Read on to discover the latest trends, decisions, and discussions shaping the GST regime in India this month.
Thank you for choosing to stay informed with us.
Happy Reading!
Warm Regards,
Pooja Chitroda,
Editor, IRISGST Times
GST Updates
Product Highlight
Managing tax litigation in India, especially GST litigation, can be a complex & challenging process.
IRIS LMS is a cloud-based litigation management software with AI, a proactive alert mechanism, extensive reporting and an analytics dashboard for enterprises.
It automates routine tasks, offers real-time analytics, & enhances security. Accessible via mobile, it helps legal professionals stay updated with case developments, reducing error risks.
Key Features
- Transaction Management
- Audit Management
- Data Management
- Income Tax Notice Management
What can you do with IRIS LMS?
- Track: Status of Litigations on real-time basis at GSTIN Level
- Store: Complete trail of Litigation from 1st Letter to Replies, Hearing Proceedings to Final Order
- Retrieve: Data through friendly UI with custom categorizations
- Archive: GST Returns Data and Various Reconciliations to handle Departmental Audit in the future
- Alerts: For various Due Dates for Pending Replies, Appeals, Personal Hearings, Written Submissions
GST Compliance Calendar
A comprehensive GST Compliance Calendar, curated for you to aid in adhering to GST regulations. It includes all the GST due dates for August 2024.
Click here to read: GST Due Dates- August 2024 Calendar
By Swati Ajmera
We hope you enjoyed reading this issue of IRIS GST Times and found it informative!
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