March 31, 2026 deadline for key Income Tax and GST compliances: Time to take action now to prevent penalties and late feesTaxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits an...
New changes implemented by GSTN for Table 3.2 of GSTR-3B and GSTR-1, GSTR-1A from April 2025 tax periodGST: Goods and Services Tax (GST) registered buyers and sellers need to be aware of these changes made in GSTR-3B and GSTR-1/1A return from...
Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayersGST changes in Budget 2025: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance und...
2 days delay in input tax credit: Buyers will have to wait longer for GSTR-2B statement; use recompute option in this caseGoods and Service Tax: The GSTR-2B (input tax credit) statement will now be generate 2 days late on January 16, 2025 for the December 2024 ...
New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be consider...
Relief for GST taxpayers: Deadline for GSTR-1 and GSTR-3B extended after GSTN reported technical issues with the portalGST return deadline: The deadline for GSTR-1 and GSTR-3B both, has been extended by 2 days each. GSTR-1 deadline is now January 13, 2025 wh...
This change in GST annual return if not checked properly can result in input tax credit mismatchGoods and services tax: GST annual form GSTR-9 has a significant change which if not properly checked can result in input tax credit mismat...
GSTR 2B input tax issue: A new advisory by GSTN on how to fix it for FY 2023-24Goods and services tax (GST): The GSTN in an advisory said that if you are facing the issue of non-generation of GSTR 2B which is a stateme...
GST return filing process: Hard-locking of auto-populated values in GSTR-3B Form; check detailsGST return filing process: GSTR-3B is a condensed summary return, and its intention is for taxpayers to report their summarized GST obligat...
CBIC considering extending date for filing GSTR 3B due to technical glitchGSTR-3B is a self-declared summary GST return filed every month Taxpayers need to report the summary figures of sales, Input Tax Credit cla...
Govt extends April GST payment deadline till May 24, Infosys told to fix problem ASAPEarlier in the day, the CBIC had said that a technical glitch has been reported by Infosys in the generation of April GSTR-2B and auto-popu...
Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portalThe Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 GST...
GSTN enables auto-populated GSTR-3B return form beginning NovBased on the supplies return GSTR-1 filed by businesses, GSTN will auto-populate the liabilities, while input tax credit (ITC) would be pop...
GST Network starts providing auto-drafted input tax credit statement to taxpayersGSTR-2B will be generated on GST portal for every registered person on the basis of the information furnished by his suppliers and will be ...
GST: Why businesses must prepare GSTR-9 without any delaySome businesses are yet to draw reconciliations, between GSTR-1, GSTR-2A and GSTR-3B. Too many changes in the process of filing have kept s...
The need for simplified GST return form and what to expectIt is believed that, when the single return process rolls out, return filing dates will continue being different based on turnover.
GST returns: This is how you file your GSTR-1Based on the nature of business and the nature of supplies made during the month, only the relevant components of GSTR-1 are applicable, no...