1.From AY 2023-24 onwards, Form 26 AS display only TDS/TCS data. Other taxes like advance tax, Self-assessment tax, refund etc., would be available in AIS (Annual information statement) 2. The list of banks available for e-Pay Tax service at e-Filing portal is provided in the Latest Updates dated 01-Feb-2023. 3. Functionality for filing of rectification request in respect of orders passed by CsIT(Appeals) is live. 4. PAN shall become inoperative from 1st April 2023, if not linked with valid Aadhaar.5. ITRs filed after 31st July 2022 need to be verified within 30 days. Refer to Directorate of System's notification no 05 of 2022 dated 29th July, 2022. 6. Form 10F can be filed manually till 31 March 2023 by Non-Residents neither having PAN nor required to obtain it. Refer Latest Updates for details. 7. The Online return form ITR-A, for filing modified return u/s 170A is now enabled. 8. Co-browsing feature is now available for the taxpayer, to know more kindly refer latest updates.

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The GST compliance rating is a score given by the government to a business so that other businesses can see how compliant they are with the tax department. This score will be calculated based on parameters such as timely filing of monthly and annual returns, furnishing details of input credits used, taxes paid, etc.

These scores will be updated at periodic intervals, and their details will be published in a public domain that all businesses can access. This will allow small businesses to choose the most GST-compliant vendor for their business endeavors.

Why do people need to stay GST compliant and receive a high rating?


According to the GST law, if buyers wish to claim input credit for the goods they purchased, they will have to mention all the transactions in which they paid GST to their vendors.

Let’s imagine a best-case scenario in which buyer A procures products from vendor B and uploads all the sales transactions onto the GSTR-1. Now, all the transactions in the buyer’s GSTR-2 will be auto-populated using the GSTR-1 filed by the vendor. The buyer can then use GSTR-2 to claim input tax credit.

Now let’s consider what would happen if vendor B was not paying his dues. In this case, his tax return would not be considered a valid one by the GST department (according to Section 27(3)). This would mean that the buyer then could not validate his GSTR-2, and therefore, he wouldn’t be able to claim input tax credit.

If this same vendor is supplying goods to a hundred buyers, then none of the buyers would be able to claim their input tax credit because of the vendor’s failure to pay his dues.

With the GST-compliance rating in place, buyers will be able to see which vendors have the best track record of paying their dues on time, and they’ll be able to choose a more compliant vendor right at the beginning so that they don’t have to suffer the consequences of vendor negligence later. The higher a vendor’s compliance score, the better the buyer’s chances to claim input tax credit.



If you’re a business owner, you may be asking yourself: “What benefit will I get if I’m compliant with the tax department?” The answer is trust. When your business has a better compliance score, you not only have a better chance of earning the government’s trust, but you also are more likely to earn the trust of clients you could be doing business with in the future. This may seem like a small step in the beginning, but consider the impact that thousands of businesses can have on the GST network if they all collectively work towards GST compliance. If individual business owners work to follow tax laws, then they will help the entire GST ecosystem to stay compliant.



As a business owner, it’s important that you understand the significance of being GST compliant, but that alone is not enough; you also need to know what it takes to be compliant in the first place.



Businesses should include all their outward and inward supply transactions on their monthly GSTR-1 and GSTR-2. They should file their GSTR-1 and GSTR-2 for a particular month by the 10th and 15th respectively of the following month.



Before filing their next tax returns, businesses should first ensure that they’ve paid all their tax dues. According to section 27(3) of the GST legislation, filing a GST return with existing tax dues would make the next return invalid. This would reduce a company’s compliance rating score and could even trigger a chain reaction along the supply chain, making it difficult for their buyers to claim input tax credit.



Apart from filing the GSTR-1 and GSTR-2 on a monthly basis, businesses should also submit a consolidated annual return called the GSTR-9.