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Economy

Why the annual returns and filings under GST have created utter confusion

Updated : January 01, 2019 09:55 AM IST

The tax department has denied legally valid tax positions to taxpayers
Small taxpayers have no mechanism to correct mistakes committed during the 2017-18 financial year even if they intend to correct it by payment of additional tax or reversal of ineligible tax credits.
Why the annual returns and filings under GST have created utter confusion

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