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Out of 65 lakh taxpayers, it is now evident that only 40 lakh taxpayers have filed returns under GSTR 1 for the month of July.
The continuous upgrades and revision to an old and obsolete payroll software are necessary to keep your organization up-to-date. Payroll related glitches not only impact the HR management but also the productivity of the organization as most of the time and efforts are spent on resolving the issues. Many of the companies upgraded their payroll […]
Find all the latest updates on GST council meetings held after the implementation of goods and services tax. The latest 31st GST council decides about GST new return filing system, GSTR forms revisions, GoM meeting along with GST slab rate reduction.
Definition Of AAR Under Section 100 Of The CGST Act, 2017: An Authority For Advance Rulings (AAR) is a platform to resolve the doubts regarding Goods and Services Tax on questions specified under CGST act.
It is now in the hands of GST council and all the Group of Minister (GoM) to decide the further sequence of tax refunds of Integrated goods and services tax.
It is necessary for a large corporate business to the small one to be updated and file the GST returns very carefully because it can lead to errors which can cost a penalty or money hold with electronic cash ledger.
The general perception is that the economically weak states don’t pay taxes on time. But Uttar Pradesh just changed the assumption and became the highest performing nation in paying GST instead of big States like Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
July was the first month after GST implementation and businesses were not well-versed with the new tax system and technical glitches. Still, the GST collection was 95,000 crore.
CEO of GSTN Prakash Kumar stated that some of the features have been added to the GSTN portal to make the platform more effective.
