GST Updates

As GST completes a decade, the focus is shifting towards *AI led compliance*, faster refunds and simpler tax processes. Some key points to note include:
- *Foreign investments* in your portfolio require careful consideration to avoid tax scrutiny.
- The *Telangana High Court* has granted liberty to a taxpayer to pursue the statutory appellate remedy against a GST assessment order.
- *GST invoice numbering and delivery challan numbering* are crucial for businesses to understand.
- MSMEs are seeking *quicker GST refunds* and capital support, while the government is working towards better optimisation of the GST regime.
- The GST regime is a good example of *cooperative federalism* and has been a role model for other developing economies.