Revision of GST returns to be allowed even after deadline in these cases, rules SCGoods and Services Tax (GST): The Supreme Court of India directed the Central Board of Indirect Taxes and Customs (CBIC) to allow a seller ...
29 Mar, 2025, 10.00 AM IST
SC backs businesses' right to fix GST filing errors, asks CBIC to revise timelinesThe Supreme Court has directed the CBITC to re-examine the GST filing correction timelines, emphasizing that clerical errors should be fixa...
26 Mar, 2025, 10.04 PM IST
Budget 2024: How can Modi govt further give filip to tax administration using digital initiatives?India's tax administration has undergone a significant transformation over the past decade, preparing the country for its 'Amrit Kaal'. The...
01 Feb, 2024, 07.40 AM IST
Taxpayers may be allowed to file revised GST returns from Apr 2025Experts say hundreds and thousands of GST-registered persons and GST-registered dealers often make natural human errors, such as calculatio...
26 Dec, 2023, 12.13 AM IST
Allow rectification of inadvertent, bonafide errors in GSTR forms, HC tells tax dept"The department needs to avoid unwarranted litigation on such issues and make the system more assessee friendly. Such an approach would als...
14 Dec, 2023, 04.50 PM IST
How India's new 7-day time limit for e-invoice generation affect some taxpayersUntil now, there was no time limit for e-invoice generation. Taxpayers had the option to generate e-invoices in real-time or even after a f...
14 Apr, 2023, 12.13 PM IST
GST officers detect Rs 7,421 crore tax evasion in April-June; recover Rs 1,920 croreIn a written reply to the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary gave details of the total tax evasion detected in GST...
03 Aug, 2021, 05.11 PM IST
CBIC addresses IGST refund issues of exporters"It is seen that a considerable number of exporters have been facing difficulties in getting their IGST refund sanctioned either due to lac...
23 Feb, 2021, 09.44 AM IST
PM Modi inaugurates India's first-ever driverless train operations on Delhi Metro's Magenta LineThe driverless trains will be fully automated, which will eliminate the possibility of human error, the government has said, adding that af...
28 Dec, 2020, 02.54 PM IST
GST: Changes and method to claim Input Tax Credit answeredSmall business owners often voice a few queries related to input tax credit (ITC). This article seeks to answer some of the commonly asked ...
29 Feb, 2020, 10.19 AM IST
View: Public sector bank network, a good ideaIt is vital for India to swiftly enact the law on data protection, given the kind of data sharing that has been envisaged in the PSBN.
01 Feb, 2020, 08.50 AM IST
How e-invoicing under GST will help businesses in the long runAdopting e- invoicing will save the government a staggering 450 million dollars annually.
25 Jan, 2020, 06.35 PM IST
Banks use AI everywhere, from chatbots to validating chequesWhen someone tries to forge a signature, there are minute fissures, blots or anomalies that may not be visible to the human eye, but will b...
16 Jul, 2019, 11.47 AM IST
Tax body seeks extension of GST return filing by four monthsTax payers and consultants are also required to keep in mind the hundreds of amendments and clarifications issued by the government since i...
19 Jun, 2019, 04.33 PM IST
Know why HostBooks is the fastest growing accounting solution for SMEs19 Mar, 2019, 02.02 PM IST
Government says tech glitches led to piling up of export refunds, assures stepsFinance ministry officials reiterated that the government is committed to refund zero rated goods and "will do everything "in this directio...
29 Nov, 2017, 10.09 PM IST
Companies fear losing credit over GST filing errorsThe offline utility to be used to claim input tax credit for pre-GST regime was not available till Sunday. Thus, details had to be filed on...
28 Aug, 2017, 08.56 AM IST