GST action points before end of FY 2023-24

The last 6+ years have seen more than 1000 notifications, circulars, and instructions for taxpayers and adjudicating authorities, thus opening up the GST law to interpretation by taxpayers and authorities alike. This interpretation has given rise to the ever-increasing case laws across various judiciaries and writ petitions being filed before various High Courts of India to seek relief against the action of GST authorities.

To ensure timely and accurate compliance with the provisions of GST law, it is necessary that before the financial statements are finalized for FY 2023-24 and the taxpayer transition to FY 2024-25, various checks and reconciliations are undertaken by the business. Below are some of these key action points for the taxpayers in this regard-

Source : https://taxguru.in/goods-and-service-tax/gst-action-points-before-end-of-fy-2023-24.html