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GST RETURN MISMATCH
GST return forms likely to be tweaked to curb mismatchesThe government is looking to revamp GST return forms to minimise discrepancies between reported sales and tax payments. Draft forms will be...- Finance Ministry to invite comments on amended GST return forms from Nov 1The Finance Ministry will invite comments from businesses on proposed changes to GST return forms. This feedback period will begin on Novem...
- GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working ca...
- GST e-invoicing may cover services imports from unregistered companiesThe Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with...
- GST Council meeting 2026: What may change as GST 2.0 takes aim at ITC, refunds, arrest powers and other reformsGST Council Meeting 2026: The GST Council, meeting in New Delhi, is expected to propose significant reforms for tax administration. One ref...
- India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
- GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
- GST Council to focus on auto refunds, swifter ITC, fewer noticesThe government is preparing to transition the GST regime toward a trust-based tax administration. This shift includes introducing sweeping ...
- GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...
- India's economy shatters a 35-year barrier to enter A-rated clubIndian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for I...
- FCNR inflows may delay rate hikes, but banks face margin pressure: ReportForeign currency inflows have eased financial conditions for the Reserve Bank of India. This temporary relief allows the central bank to de...
- Nifty mega caps are going nowhere. Why Samco CIO Umesh Mehta put 75% of his Flexicap fund beyond largecapsMutual Fund CIO Umesh Mehta says Nifty mega caps may remain subdued as institutional ownership limits fresh buying and earnings momentum sh...
- ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...
- GSTN issues advisory on new Invoice management systemThe government will implement major changes to the Goods and Services Tax (GST) invoice management system from the October tax cycle, aimin...
- New invoice system in works to curb automated noticesThe CBIC is developing an advanced invoice management system to prevent automatic GST mismatch notices, aiming to reduce unnecessary litiga...
- GST: As taxman intensifies drive against bogus ITC claims, it's not just fake cos that are sufferingITC refers to GST credit for tax paid while buying goods or services to be used for business. One example of ITC is the GST paid on raw mat...
- Notices to firms after mismatch in GST tax creditsThe GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...
- Keeping it simple: Reconciliation of GST data in 5 stepsThe reconciliation process ensures that no sales or purchases are omitted or wrongly reported in the GST returns.
- CBIC introduces PAN-based refund clearances of exportersAs much as Rs 14,000 crore worth of refunds due to exporters are stuck because of various reasons and the Central Board of Indirect Taxes a...
- Companies get scrutiny notices for mismatch in GST returnsCos, whose final sales return GSTR-1 did not match GSTR-2A, which is a purchase return auto-generated by system from his seller's return, h...
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