Government Reportedly Working on Simplified GST Filing Forms
The government is continuously working upon to make the GST filing process easier so that the taxpayers don’t face any difficulties in filing returns at GSTN portal.
Browsing author
The government is continuously working upon to make the GST filing process easier so that the taxpayers don’t face any difficulties in filing returns at GSTN portal.
To make the tax the technology backbone more effective and convenient, the GSTN portal has started taking feedback from the taxpayers by calling taxpayers and asking them about their experience at the GSTN portal.
The Central Government has released fund amounting Rs 8,698 crore to the states as compensation, after the implementation of the indirect taxation system.
The Group of Ministers (GoM) Committee has suggested some changes to make the composition scheme more attractive and by lowering taxes with a flat 1% tax on restaurants.
Prime Minister Narendra Modi recently in its meeting said that, with GST implementation, a new business culture is developing for the country and in the long perspective consumers will be benefited with this.
To fight against the difficulties being faced by traders in GST return filing, a forward step has been taken by the Gujarat traders.
According to the report by Global Research and Analytics Firm, frequently used household products such as toothpaste, soap, edible oil, instant noodles, soap and much more are anticipated to get an increase in demand of 2-5% in coming 12 months.
GST is touted as the biggest taxation reform since Independence and currently, traders are facing problems due to the provision of ‘reverse charge’ system under GST.
On Wednesday, Union Finance Minister Arun Jaitley said that the GST Council members will discuss to be included real estate sector under the newly implemented Goods and Services Tax (GST) Regime.