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GST Network (GSTN) has been going through a lot of updates and changes aimed at improving the user-friendliness of the portal and making it easier for the taxpayer to file their returns.

The Indian IT (Information technology) Industry has been amongst the ones who were impacted by the last year’s implementation of the goods and services tax.

When the GST was introduced on the midnight of July 1, 2017, many pundits termed it as India’s second tryst with destiny. Tryst though is a not an appropriate word to describe a landscape changing move like GST.

The Bombay High Court has accepted a plea against bringing the transfer of land under JDA within the GST ambit. The plea was filed by Real Estate Developers following a GST notification.

A relaxation on Goods and Services Tax (GST) for making payments via digital mode has been proposed by the government recently, however, the states are opposing this decision, saying it is a discrimination especially for those users who are not using digital modes of payment.

On Tuesday, The Finance Secretary Hasmukh Adhia assured that the GST is now way past its troubled teething stage. Just a month ahead of its 1st anniversary, GST has now entered a smooth phase with increased tax compliance.

GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.

The last date for sale of pre-GST packaged goods has now been extended till July 31. The pre-GST goods, however, must be sold with stickers on them and must reflect the changes in MRP (increase or decrease) post-levy of the new GST rates.

The Fiscal Year 2018 recorded a 7.2% decline in securitization volumes. While there are many reasons for a decline, increase in PSLC volumes by banks and GST ambiguities are the major reason for the decline.