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The Union Cabinet unanimously accepted amendments in GST laws which will increase the threshold limit for composition dealers to Rs 1.5 crore.

The GST collections for the month of July showed a slight spike further cementing the effectiveness of the E-way Bill. GST accrues for the month stood at ₹ 96,483 crore.

GST return filing is a main component of the overall goods and service tax regime as it aims to bring as many taxpayers within its ambit for a proper conversion of tax scheme into a fully functional economical framework.

GST was touted as ‘One Nation One Tax’ since its introduction on July 1st, 2017 GST has undergone many changes both structural and provisional.

Firms and Businesses with an annual turnover of less than Rs 20 lakh could be exempt from GST Compliance. In a major development, small traders may now need not be registered under GST to supply goods to e-commerce giants like Amazon and Flipkart.

The National Anti-Profiteering Authority (NAA) has recently written to IndiGo and Airtel, both of which are market leaders in their respective industries, asking details of the GST input tax credit benefits occurred to the businesses of these entities and whether these benefits have created possibilities for a price reduction to end-consumers.

GST (Goods & Services Tax) Officers in states and UTs will soon reach out to businesses, traders and industries in order to understand the prevailing GST issues with which these businesses are struggling.

The new/updated return filing form, which is based on the suggestions and recommendations for making the GST return filing process easier for taxpayers, already got its approval from the GST Council last week.

The new GST (Good and Service Tax) rates officially effected from the midnight of 26 July 2018, after a recent reduction in the tax rates of consumer durables and sanitary napkins.