Hon’ble Finance Minister, Smt. Nirmala Sitharam in her Budget Speech on 1st day of February, 2021, omitted Section 35(5) and substituted Section 44 by Section 110 & 111 of the Finance Act, 2021 respectively in the CGST Act, 2017, so as to remove the mandatory requirement of furnishing a Reconciliation Statement (GSTR-9C) duly audited by a Practicing Chartered Accountant or a Cost Accountant.
Source Taxguru
Latest Posts in "India"
- Lucknow Crime Branch Busts Fake GST Racket; Four Arrested for Bogus ITC Fraud
- ED raids Uttar Pradesh, Haryana in Rs 9.63 crore GST fraud probe
- Supreme Court Ruling Sparks GST vs Excise Tax Debate on Industrial Alcohol
- India Plans Unified GST Audit Authority for Multi-State Companies
- Assam GST Wing Raids Five Rubber Businesses Over Fake ITC Tax Evasion
