Lates news on Goods and Services Tax
The government has launched a one-time scheme to waive late fee for delayed furnishing of filing the goods and services tax (GST) return-1 form for the period July 2017 to September 2018, to encourage taxpayers to furnish the returns. The waiver, which [...]
GST Council Simplifies Return Filing The GST Council on Friday unveiled a new simplified return that would require a taxpayer to file only one return every month and set a period of six months for the transition to take place. “It [...]
New Changes Introduced in GSTR-3B Goods and Services Tax Network has on February 21, introduced few changes in GSTR-3B return form. They now claim to simplify GSTR-3B for taxpayers. We analyzed these changes and have consolidated our analysis here. Auto-population of [...]
The Goods and Services Tax (GST) implementation has increased indirect taxpayer base by more than 50 percent with 34 lakh businesses coming into the tax net, the Economic Survey said today. The Survey, authored by Chief Economic Advisor Arvind Subramanian said, preliminary [...]
Single GST Form for Service Providers The GST Council is expected to consider on January 18 significant relaxation in the law and procedures, including a centralized registration facility to make compliance easier. It will also consider changes to input tax credit [...]
