Understanding why these notices are being issued more frequently and how to respond effectively can help taxpayers manage their tax compliance better.
The recent recommendations from the 54th GST Council meeting, held on September 9, 2024, include important updates concerning rectifications procedure for Input Tax Credit (ITC) orders.
The goal of the DTC is to create a tax system that is easier to understand, more equitable, and capable of generating revenue efficiently without causing undue hardship to taxpayers.
In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT