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GST RETUNS
Rising complications for corporates in ITC claims under GSTThe changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must ta...- Working to boost compliance, 90% assessees filing returns: CBIC chairman Vivek Johri"We can work out the system of scrutiny and we are going to shore up our audit strategy. This will help improve revenue productivity of ret...
- File GST retuns in time or face penalty on entire tax liability: Telangana High CourtThis means that tax authorities will be able to levy interest on the gross tax liability of an assesse if there is any delay in tax payment.
- 30 lakh businesses file GST returns, system robust: GSTN ChairmanGSTN Chairman said that GST Network is in a "very sound state" and the quantum of returns filed are a testimony to the system's strength.
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