Important Advisory on GSTR-2B and IMS

Date: November 16, 2024 The GST Network (GSTN) has issued an advisory to address concerns raised by some taxpayers regarding the non-generation of GSTR-2B for the October 2024 period. Below are the key points taxpayers need to be aware of: Scenarios Where GSTR-2B Is Not Generated Resources for Further Guidance Taxpayers are encouraged to refer …

CBDT Launches Campaign to Help Taxpayers Report Foreign Assets for AY 2024-25

The Central Board of Direct Taxes (CBDT) has introduced a special campaign to help taxpayers correctly report their foreign assets and foreign-sourced income in their Income Tax Returns (ITRs) for the Assessment Year (AY) 2024-25. This campaign is called the Compliance-Cum-Awareness Campaign and aims to make sure that taxpayers understand their responsibilities when it comes …

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