This February 2021 edition of Tax Talk provides a comprehensive overview of the Union Budget 2021, highlighting key GST amendments and their potential impact on trade and industry. It details the new Invoice Furnishing Facility (IFF) for quarterly GSTR-1 filers, updates on HSN code declarations, and changes related to Aadhaar authentication for taxpayers. The bulletin also covers budget highlights concerning input tax credit, clubs/associations, annual returns, interest on delayed payments, and seizure procedures, making it essential reading for taxpayers and businesses navigating GST compliance.