The cascading effect that lingered under excise, VAT and service tax can be removed in Goods and Services Tax (GST) by allowing an uninterrupted and seamless chain of Input Tax Credit (ITC). ITC is ...

Ever since the government decided to put the new GST return system on hold, there have been several welcome changes made to the current GST return filing flow. With the new GSTR-2B form introduced, ...

GST annual return has to be mandatorily filed for FY 2023-24 by every GST registered taxpayer with a few exceptions by on or before December 31, 2024. However, before you file the annual return make ...

There was a recent revision to table 4 of Form GSTR-3B. This revision has more to do than just a reporting change. It has increased the significance of correctly identifying eligible and ineligible ...

GST reconciliation mainly includes matching the data uploaded by the traders or sellers with those of the recipient's purchase data. This principally includes comparing the GSTR-2A/2B auto-populated ...

The issue of technical glitches at the government’s tax portals has resurfaced, putting service provider Infosys on the spot. With snags in the goods and services tax network (GSTN), the Central Board ...

The Central Board of Indirect Taxes & Customs (CBIC) stated on Tuesday that Infosys reported a glitch in the “generation of April 2022 GSTR-2B and auto-population of GSTR-3B on portal”. It added that ...

Filing GST monthly return will be easier from this month for over one crore assessees, as the GSTN (GST Network or the IT backbone of the indirect tax system) has deployed two major functionalities.

The government has recently made some changes in the GST return filing system. The return forms proposed earlier called the RET forms with ANX (annexures) have been shelved. The existing GST returns ...