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Latest Updates on Customs, GST, and Tax Laws in India

  • Reopening ITC Balance Reporting: GSTN has reopened the ITC reversed balance field for amendments until 30.11.2024, and advised taxpayers to download their GST returns data due to a new data archival policy.
  • Digital Signature Requirement: Notices and orders on the GST portal must be digitally signed by departmental officers, and taxpayers can verify document authenticity through the portal.
  • Launch of GSTN e-Services App: GSTN announced a new app for verifying e-invoices, checking GSTINs, and viewing return history, soon available on major app stores.
  • Supreme Court and High Court Decisions: The Supreme Court upheld certain provisions of the CGST Act, while the Delhi High Court quashed orders under Rule 86A, impacting ITC claims.
  • Regulatory and Trade Notifications: Various notifications include changes in GST rates, reverse charge mechanisms, and export-import policies, alongside clarifications on past practices and new trade conditions.

Source: mondaq.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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