Missing GST return deadlines triggers late fees under Section 47 and interest under Section 50, both calculated separately. Understanding the applicable rates, caps, and filing sequence can help ...

GST Monthly Return: In a bid to enhance return accuracy and compliance, one significant change has been unveiled regarding the reporting and reconciling by businesses their indirect tax liabilities ...

Businesses may eventually have to file returns largely based on invoices uploaded by suppliers, with limited scope for manual changes.

The Madras High Court held that a taxpayer assessed under Section 62 for non-filing of GST returns can still obtain reassessment by subsequently filing the pending returns. The key takeaway is that ...