Blog tagged as gstaudit

Over the last few years, we’ve all heard terms like Bitcoin, Ethereum, NFTs, and crypto coins. These are all forms of Virtual Digital Assets (VDAs). While many people trade in them or even gift them, one big question arises: How does tax work on these assets in India?

The Bombay High Court recently made an important decision: it said that the GST registration of a business can be cancelled if the suppliers it deals with are not real or do not exist.

The Goods and Services Tax Network (GSTN) has issued an advisory regarding Table 3.2 of GSTR-3B, with critical updates effective from the April 2025 tax period. This advisory outlines the changes and processes required for accurate reporting of inter-State supplies.

The Goods and Services Tax Network (GSTN) has recently issued an advisory regarding significant changes to Table-12 of GSTR-1 and GSTR-1A, effective from the tax period of April 2025.

The 55th GST Council Meeting, held on December 21,2024, brought significant changes to the regulations overseeing restaurant services in hotels