When GST was introduced last year, many skeptics seemed surprised by its complex framework. However, a year later, the GST has undergone a cosmetic makeover of some sort.
Powerd By SAG INFOTECH
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When GST was introduced last year, many skeptics seemed surprised by its complex framework. However, a year later, the GST has undergone a cosmetic makeover of some sort.
In order to make it easier for taxpayers to create e-way bills on the common portal, the government has added a new facility on the GSTN which will automatically calculate and show the distance between two PIN codes (of the supplier and the receiver) at the time of creating an e-way bill under GST.
The recent proposals made by the government in the GST Law are expected to provide solutions for various ongoing GST issues for which companies and associations have filed writ petitions in the court.
The government has recently proposed 46 new amendments to the GST law (central GST, state GST, and integrated GST) and revenue compensation law.
Taxpayers these days are running head and toes for their documents which have to submit within 7 days after getting the due noticed from the income tax department.
Recently the GST E Way Bill was made mandatory in the national capital of India i.e. Delhi for the intrastate movement of goods for complete B2B transactions valuing more than 1 lakh starting from 16th June 2018.
The National Anti-Profiteering Committee owns an overarching mandate under GST. The Indian GST, a complex indirect tax structure, categorizes goods and services in five tax slabs viz.
Seeking the sudden action on the announcement of levy of Goods and Services from ‘duty-free’ vendors at airports for international passengers from Authority for Advance Ruling (AAR), New Delhi in March 2018.
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.