Through this comprehensive walkthrough, taxpayers will find essential insights into adhering to the new compliance mechanisms, thereby mitigating the risk of tax credit discrepancies and ensuring smoother tax operations.
A Show Cause Notice is a significant instrument in maintaining due process within organizations, courts, and various administrative actions. It serves as a formal communication requiring an individual to explain or justify their actions or conduct, which is allegedly in violation of company rules or codes of conduct.
The Indian GST Department has issued new guidelines Instruction No. 01-2023-24 dated 30-Mar-2024, to CGST field formations on maintaining ease of doing business while engaging in investigations with regular taxpayers.
This article delves deep into the critical points that taxpayers and professionals must consider while dealing with SCNs under the GST regime.
Unpacking the complexities and what it means for businesses. Let's dive deep into the balance between compliance and fairness.
In this article, we will explore five significant problems in GST system.
In a bid to curb revenue leakage within the tobacco manufacturing sector, the Indian government has introduced a significant amendment to the Central GST Act.
The Goods and Services Tax (GST) regime in India, a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout the country, has streamlined the taxation process.
Navigating the intricacies of the E-Way Bill (EWB) mandate can be tricky, especially when it comes to the often-confusing Part B. But fear not, dear reader! This guide unpacks the essential details of Part B and offers insightful case studies to help you avoid the dreaded penalty under Section 129(3) for non-filing.
In this article, we will delve into the concept of GST summons, including what they are, how they work within the legal framework, and what your rights and duties are when you receive a summons. We will also discuss the validity of summonses and the importance of understanding how they function in the GST system.