Volume 54  |  June, 2022



Wrapped up June on a high note and the plans for the second half of 2022 begin!

July 1 marks the 5th anniversary of GST implementation in the country. So happy GST Day! In these 5 years, there have seen revolutionary changes in the GST regime. And, IRIS GST has always ensured to provide timely, accurate, and in-depth resources for every big or small update and we will continue to do so for years to come…

In this newsletter, we cover a detailed article on the 47th GST Council meeting. In the product highlight, we expand on how IRIS LMS – India’s finest Tax Litigation Management Software can help you ease your strenuous litigation processes and keep you on track with due-dates, notices, facing audits and managing cases effectively. In this issue, also learn more about – GST Litigation, and GST Departmental Audits.

And, yes, we also have the GST Compliance Calendar for July 2022 so that you never miss a GST due date. Happy Reading!

Meghana Pawar,
Editor, IRISGST Times

Latest GST Updates

Latest GST News Updates

There were some issues with GSTR 2B and taxpayers were not able to view their records. GSTN has offered several clarifications & rectifications regarding the same. Read all the updates here: Top GST News of the month

Readers Choice of the Month

Reader’s Choice of the Month

Our most popular article for the month is – Procedure for Sanction, Post-audit and Review of GST Refund Claims: New circular

Latest GST Financial News (1)

Top Finance News of the Month

Weakened by ongoing withdrawals of foreign money, the rupee fell 11 paise to a record low of 78.96 against the US dollar in early trade on 29th June, 2022.

GST Updates

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Product Updates

Make way for IRIS LMS – India’s finest Tax Litigation Management Software!

In our last Newsletter, we introduced you to our new product IRIS LMS (Litigation Management Software). This time we are taking the opportunity to explain you further about how it can help and simply GST audits and litigation for you. It is designed to take away the strenuous activity of managing the tedious litigation and audit procedure seamlessly while taking care of the documentation simultaneously.

How can IRIS LMS help you?

  • Face departmental Audits Seamlessly by providing:
    • Transaction Matrix – Map all types of supplies with the tax implications thereby creating a matrix of transactions which would serve as the GST profile of the company.
    • Tax Position Repository – Maintain a repository of all the tax positions along with the facility to archive the judicial precedence or Legal opinion based on which such tax position has been taken. Revalidate your tax positions at regular intervals with the help of automatic updates on such tax positions provided by LMS.
    • Checklist-driven Data Archival System – Proactively collate and archive data/documents required for facing a departmental audit with the help of an exhaustive checklist-driven archival system with a one-touch retrieval mechanism.
    • Audit Tracking System – Track the progress of audits across GSTINs, Divisions, and Legal Entities (in a group) by capturing all relevant details right up to it becomes litigation.
  • Streamline and Manage Litigation Effectively by providing:
    • Single Repository of all Pre-GST Regime and GST litigations – LMS serves as a single repository of all Pre-GST Regime and GST litigations for monitoring them across various adjudication / appellate forums across multiple GSTINs, Divisions and Legal Entities.
    • Analytics Dashboard – Intelligent Analytics Dashboard to provide decision makers with various crucial analytics data like Issue wise analysis, Aging analysis, Divisional analysis etc.
    • Dataflow Design – Data flows that capture internal processes for litigation management as well as any possible scenario throughout the life of litigation including department appeal, cross objections, Writ petitions, and Remand back proceedings.
    • MIS Reports – Master Report comprising of extensive details which are useful for decision making in litigations such as demand of tax, interest and penalty; Pre-deposit, Amount admitted and paid, Risk portfolio, Case status, remarks etc.
    • User Access Controls – Manage unlimited users at PAN and GSTIN levels with detailed access controls to manage permissions and access levels across the organization.
    • Contingency Liability Reporting and so much more – LMS provides Contingency Liability Report consistent with the format adopted by listed companies providing for quarterly movement in provisions made in books of accounts, Contingency liability disclosure, CARO Disclosure, Last hearing date etc.


“IRIS GST Software brings ease in our ITC recon and monthly compliances, helping us focus on other crucial aspects of our business”

“We have been using IRIS GST Software for a while now. Quite happy with the ease it brings in our ITC reconciliations and monthly compliances, it helps us focus on other crucial aspects of our business. Chellamuthu, our Customer Service Manager, is prompt and available 24*7! Cheers to the team IRIS.”

ANISH KULKARNI – Manager (Finance), Kirloskar Chillers Private Limited

GST Compliance Calendar

We are committed to your growth and helping you with all things GST! And being compliant is one of the primary requirements. Thus, we ensure that our monthly compliance calendar is always on time giving away accurate GST due dates for the upcoming month.

Here is a comprehensive image of the GST Compliance Calendar that we have created for you. It has all the GST Compliance Due dates for July 2022 so that you never miss a GST due date!

Click here to read: GST Due Dates – July 2022 Calendar

By C.A. Samaira Tolani

July 2022 GST Due dates

Every feedback, be it via comments, replies on Social platforms or emails is always welcome. Thank you for appreciating our efforts and staying connected.


Have feedback for us?  Want to request for our product demos? Please reach out to us at

Website :  https://irisgst.com/

Phone :  +91 22 6723 1000

Email :  support@irisgst.com

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