March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation ...

The India SME Forum has recommended a phased IMS implementation similar to the e-invoicing transition, with a ...

The Parliamentary panel also shared that “significant challenges faced by taxpayers under the GST framework, particularly ...

The Goods and Services Tax (GST) reform, introduced in India's taxation ... pointing out the difficulty MSMEs face with ITC reconciliation due to mismatches in supplier returns.

Vijayawada: Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) in a letter to the chairman of the ...

The Ministry of Finance has issued a notification relevant for Goods and Service Tax (GST) registered taxpayers who failed to file the annual reconciliation statement through the GSTR-9C form.

In the same way, before filing the GST return, the businessman has to do all kinds of purchases and sales, reconciliation of ITC, income-expenditure and other necessary information etc.

MSMEs, in particular, are struggling due to limited resources and complexities in GST reconciliation. The Chamber emphasised that the interdependence of Form 9 and Form 9C filings requires both ...