Tax Guru10h
How much to reconcile in GST? A never ending exercise
In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires ...
Phase III of HSN code reporting in GSTR-1/1A to roll out from February
GSTN implements Phase III of HSN code reporting for accurate GST compliance, enabling detailed reporting and curbing tax ...
Have you received a fake GST notice? Finance Ministry issues warning for taxpayers on fake violation notices; here's how you can verify
The Central Board of Indirect Taxes and Customs (CBIC) has verified reports of scammers sending bogus GST summons, some of ...
Taxpayers warned about fake GST summons: Here's how to check fraud
The DIN under GST is a 20-digit unique code assigned to official communications sent by tax authorities to registered ...
Tax Guru6d
Is Interest Applicable on Delayed Reporting and Payment of GST Liability?
Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...
Tougher validation process in GST filing in Phase III of mandatory harmonized system of nomenclature code
Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...
Revised tax slabs, lower GST rates? Here's what to expect from budget 2025
As the central government gears up to tout the Union Budget 2025 on February 1, all eyes are on what Union Finance Minister ...
Asian News International on MSN6d
Budget 2025: SBI urges higher healthcare spending, uniform GST on medical devices and tax exemptions
The report also noted that the government should consider exempting GST and taxes on term and health insurance premiums, ...