Says CBIC must re-examine timelines fixed for correcting the bonafide errors In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax,

The date of the first exam under this new schedule will be announced in due course.

In the 2022-23 audit report of IndusInd, ‘Valuation of Derivatives’ — the root cause of the bank’s current woes — was a ‘Key Audit Matter’ (KAM). But, just