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 ...

GSTN will soon enforce system-level blocking if ITC reclaimed or RCM ITC exceeds ledger balances. Key takeaway: taxpayers must reconcile ledgers to avoid filing ...

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 ...

There was a recent revision to table 4 of Form GSTR-3B. This revision has more to do than just a reporting change. It has increased the significance of correctly identifying eligible and ineligible ...

Premi is director and Kumar is principal associate, Lakshmikumaran & Sridharan As an outcome of the recent 48th GST council meeting, the manner of dealing with difference in liability reported in ...

BCAS has requested an extension for the GSTR-3B filing deadline due to its overlap with the Diwali festival, which limits the compliance window. The current deadline of 20 October 2025 falls right ...