New Circular Highlights Timely GST Return Filing, Penalties for Non-Compliance, and Guidance for Streamlined Process.

A recent circular emphasizes the importance of timely filing of Goods and Services Tax (GST) returns, detailing penalties for non-compliance to encourage adherence. It provides guidance on a streamlined process for filing, aiming to simplify compliance for taxpayers. The circular serves as a reminder of the obligations under GST laws and the consequences of failing to meet these requirements, underscoring the need for taxpayers to stay informed and compliant with filing deadlines to avoid penalties. .....

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