Credit and Finance for MSMEs: The fraudulent Input Tax Credit (ITC) claims have been on the rise, especially with the uncovering of many fake firms which were set up to issue fake invoices. This may ...

The finance ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15. The GST Council in its meeting last month recommended ...

In a significant compliance shift under the Goods and Services Tax regime, the GST Network (GSTN) on Saturday announced that the monthly GST payment form GSTR-3B will become non-editable from the July ...

Ever since the government decided to put the new GST return system on hold, there have been several welcome changes made to the current GST return filing flow. With the new GSTR-2B form introduced, ...

The Goods and Services Tax Network (GSTN) has issued a new advisory on April 11, 2025, intimating GST registered taxpayers about two changes made in GSTR-3B and GSTR-1/GSTR-1A from the April 2025 tax ...

The CBIC said in some cases there may be a genuine reason for the difference between the details of outward supplies declared in GSTR-1 and those declared in GSTR-3B(Photo: Mint) Issuing guidelines on ...

The move will help curb the menace of fake billing whereby sellers would show higher sales in GSTR-1 to enable purchaser to claim input tax credit (ITC), but report suppressed sales in GSTR-3B to ...

Any GST returns such as GSTR1, GSTR 3B, etc., due on or before June 20, 2022, will be barred from filing from July 2025 onwards as the GST Administration has set a date of July 2025 for barring GST ...