An updated income tax return (ITR-U) can be filed within 24 months from the end of the relevant assessment year, provided the deadline for filing either revised ITR and belated ITR (if applicable) is already over. Further in certain specified instances ITR-U cannot be filed.
GSTN introduces a new ledger to track reversal and reclamation of Input Tax Credit (ITC) for better compliance. Taxpayers must report accumulated ITC reversed balance by 30 Nov 2023