Courts have clarified that audit limitation begins when records are made available or audit is instituted, whichever is later ...

The financial expert explained that ITC eligibility today depends on whether documents collectively tell a consistent story ...

Form GST DRC-01A is intended to inform the taxpayer about the proposed demand and to provide an opportunity either to discharge the liability voluntarily or to submit an explanation before formal ...

The GST Council has slashed tax rates on household products such as chocolates, toothpaste, shampoo, etc, from 28% to 18% The audit will check whether the excess amount collected before rate reduction ...

TIRUPATI: Commissioner P Anand Kumar of the Guntur Audit Commissionerate, Andhra Pradesh, said GST 2.0 represents a reset of India’s indirect tax system by simplifying rates, tightening compliance and ...

The GST Council, in its next meeting, is likely to further ease the process of registration, refund and audit, a top Finance Ministry official told businessline. He also said the new provisions for ...

In FY25 alone, CGST officers detected GST evasion of more than Rs 2.23 lakh crore. Of the 30,056 cases identified during the ...