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The e-way bill is on the rest for now but soon it can be another barrier for small and medium enterprises after the recognized GST implementation.
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.
After GST implementation, it may be on air that small businesses burdened with the tax but the initial report is not favouring the same.
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.
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.
The centre is over-viewing the GST structures for small business and may allow them to file the quarterly returns instead of monthly GST returns.
Under GST regime, registration is the foremost and the essential step for existing taxpayers as without registration they would not get GSTIN number which is a basic identity number of a taxpayer.
