The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
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The GST is self-assessing by nature while more than 1 crore Taxpayers are registered under GST. Self-Assessment is necessary to determine tax liabilities.
Compliance under GST, the One Nation One Tax, has been on an upward trend. This is cemented by the fact that composition-scheme dealers reporting average annual revenue of Rs 20 lakh increased by two times in the last quarter of FY 2017-18.
GSTR 10 is a final return form which is furnished by the taxable person whose GST registration is annulled or surrendered.
The central government had mandated the GST E Way Bill in 3 union territories including Chandigarh, Dadra and Nagar Haveli, Daman and Diu.
Malaysia is thinking to discard the goods and services tax (GST) in the country. It has been three years of GST roll out in Malaysia and it is advisable for India to move deliberately in the upcoming years as India also needs to stabilize the new indirect tax regime rolled out in July 2017.
Goods and services tax was applicable in India from 1st of July 2017 while there are other provisions including GST E Way Bill which was recently applicable from 1st April 2018 across the nation.
GSTR 5A return filing form is mandatory form required to be filed by all the internet service providers or Online Information and Database Access or Retrieval (OIDAR) Service Providers.
Notification No. 22 /2018 – Central Tax: As a relief for those taxpayers who failed to file their GST-3B summary returns for October 2017 to April 2018, the Government has waived off the late fee charge.
Rejecting the application filed by CEAT, a leading tyre manufacturer in India, for reducing the GST rate on e-rickshaw tyres to 5%, the Maharashtra Authority for Advance Ruling (AAR) said that tyres used in e-rickshaws will continue to attract the top GST rate of 28%.