The CBIC has notified changes to the annual GST return form GSTR-9, making the reporting of Input Tax Credit (ITC) more comprehensive.

Practical guide to responding to GST notices for ITC reversal. Covers Sections 16/17, Rule 37, 18% interest under Sec 50(3), and payment via DRC-03 for wrongly utilized ...

According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...

Small businesses with turnover up to Rs 2 crore are exempt from filing GST annual returns starting FY 2024-25, offering relief from compliance burdens and associated costs. While simplifying processes ...

Experts are of the view that smaller, retail-focused insurers may face pressure sooner, while larger diversified players can ...

With the GST exemption on retail health and life insurance policies, many policyholders are weighing their options. Should they defer premium payments until 22 September to take advantage of the ...

As per the latest notification, GSTR-9's Table 6 now includes new rows A1 and A2 under Part III, allowing taxpayers to clearly distinguish ITC carried forward from the preceding year.

While some hotels expect higher bookings, especially with new GST rates coming into effect during the festive season, others ...