VATupdate

September 2021 GST returns: Time to assess FY 2020-21 books of accounts from GST perspective

Financial Year 2020-21 was a year of turmoil and total disruption of normal business for the Indian corporate and business world. While the first few months saw a complete standstill of business, the revival over the next few months was fast considering the damage caused in initial months. The Government of India, in order to safeguard the interest of the taxpayers introduced a string of measures throughout the financial year.

Source Taxguru

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