March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward supplies in Forms GSTR-1 and GSTR-3B, aligning input tax credit (ITC) and ...

To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...

The India SME Forum has recommended a phased IMS implementation similar to the e-invoicing transition, with a ...

The Parliamentary panel also shared that “significant challenges faced by taxpayers under the GST framework, particularly ...

Increase in ITC fraud cases and amount detected in current fiscal, with measures taken to prevent tax evasion.

The government is introducing the Input Service Distributor (ISD) system from April 1, 2025, to improve tax collection on ...

DGFT proposes mandatory GST E-Invoices for pharma export benefits: Shardul Nautiyal, Mumbai Thursday, March 27, 2025, 08:00 Hrs [IST] The Directorate General of Foreign Trade (DGF ...

Supreme Court directs CBIC to re-examine tax return error provisions, reinforcing principle that buyers shouldn't be penalized for supplier errors.

The India SME Forum (ISF), a non-governmental organisation for micro, small and medium enterprises (MSMEs), has urged the ...