Union Budget 2024 Input on Annual Returns by Siddharth Tandon, Partner, Indirect Tax, BDO India
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Below the Union Budget 2024 Input on Annual Returns Siddharth Tandon, Partner, Indirect Tax, BDO India
“In line with the 53rd GST Council meeting recommendations, the limitation period for raising demands has been made 3.5 years (42 months) from the due date of relevant annual return for all types of cases, instead of 3/5 years earlier, depending on whether fraud suppression has been alleged or not. This is targeted to streamline litigation matters for FY 2024-25 onwards.
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