Credit and Finance for MSMEs: The fraudulent Input Tax Credit (ITC) claims have been on the rise, especially with the uncovering of many fake firms which were set up to issue fake invoices. This may ...

Goods and Service Tax (GST) regime is set to rollout in less than two weeks. Finance Minister Arun Jaitley has said that the new tax structure will be launched on midnight of June 30 at Central Hall ...

In a significant compliance shift under the Goods and Services Tax regime, the GST Network (GSTN) on Saturday announced that the monthly GST payment form GSTR-3B will become non-editable from the July ...

The GST Council in its meeting last month recommended that the changes in GSTR-3B or monthly tax payment form be placed in public domain for seeking inputs and suggestions of the stakeholders.

A regular business usually needs to file three returns – GSTR-1 and GSTR-3B monthly and GSTR-9 annually. GSTR-1 is a monthly statement of outward supplies to be furnished by taxpayers for supplying ...

Amid the government’s all-out efforts to quell apprehensions and confusion over the Goods and Services Tax over the documentation and compliance with processes under the reformed taxation system, the ...

A detailed look at the revised ITC reporting norms in GSTR-9 following recent notifications and FAQs, highlighting how the new tables prevent double claims and ...

The staff and officials at the GST Network (GSTN), the IT backbone of the GST, are apparently disappointed at the government's decision to junk the new GST return format as all their efforts over a ...