Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Ministry Directs CGST to Follow Instruction No. 01/2023-24-GST for Consistent Tax Audits and Reduced Litigation.</h1> The circular from the Ministry of Finance, dated August 14, 2024, directs CGST officials to apply guidelines from Instruction No. 01/2023-24-GST (Inv.) in audit matters. Specifically, if a CGST Zone faces issues where tax interpretations differ due to prevalent trade practices, the Zonal Chief Commissioner should refer the matter to the GST Policy or TRU before concluding investigations. This aims to ensure uniformity and minimize litigation. The procedure is applicable to ongoing audits and should be followed to promote consistency in tax practices across sectors.