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Taxpayers whose GST registration has been canceled or surrendered need to file the final return form GSTR 10. To ensure proper and hassle-free compliance, the GSTN Team at the centre will conduct a webinar on 25th October 2018 (today) at 4 pm IST.
On October 13, a good number of local newspapers in Guwahati carried out the news regarding Extension of Tax Audit due dates. This was later found to be false and misleading.
As per the new amendments in GST law, traders whose gross annual turnover does not exceed Rs 5 Crore can now file GST Return filing in three months. Previously, traders had to file mandatory monthly GST returns.
E-way bill was introduced earlier this year as part of the GST Tax System. It was aimed at making transportation of goods or consignments within or outside state boundaries more transparent and accountable.
The Kerala AAR’s has recently ruled that threshold exemptions will be applicable on the individual earnings of co-owners who are participants in a jointly owned property.
The Central Government has always been upbeat about passing benefits from GST tax reduction to the end consumers.
Since its very introduction, GST has been criticized for increasing compliance burden on the Indian taxpayers.
The introduction of GST, which standardized India’s erstwhile tax regime plagiarized with cascading tax structure, was seen in business circles as a business-friendly tax regime and was touted as a major push towards foreign investment.
Not so long ago, India celebrated 100% electrification of villages. A great feat indeed considering the fact we are a fairly developing nation with a robust GDP.