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An automated inspection module to verify GST Returns was launched by CBIC last week, which might result in assessees receiving notices if there are mismatch between different types of tax returns.

GST Return Mismatch reports triggering GST Scrutiny Notice

Articles

The Institute of Chartered Accountants of India(ICAI) has announced that No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023.

No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023: ICAI

Artificial intelligence is now being used to combat the rising fraud of obtaining input tax credit (ITC) through bogus GST registration.

GST Evasion: AI will be used to reveal GST Fraud; Suspicious GST registration will be Identify

Judgement

Cash found with Advocate sourced from professional fees cannot be taxed as Unexplained Money: ITAT

CBIC has launched an automated inspection module for GST reports, which might result in assessees receiving notices if there are differences between different types of tax returns.

GST Scrutiny: Data Mismatches may triggers GST Notice under Automated Scrutiny

Press Release

RBI has issued advisory to banks, emphasizing need to take steps to ensure complete transition away from LIBOR from July 01, 2023.

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GST Return Mismatch reports triggering GST Scrutiny Notice

No further Advance ITT (Old Syllabus) Test will be conducted after Sept 2023: ICAI

GST Evasion: AI will be used to reveal GST Fraud; Suspicious GST registration will be Identify

Cash found with Advocate sourced from professional fees cannot be taxed as Unexplained Money: ITAT

GST Scrutiny: Data Mismatches may triggers GST Notice under Automated Scrutiny

Cessation of LIBOR: Complete Transition away Libor from July 01, 2023