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According to the latest notification from the CBIC, it has been cleared that the e-commerce companies now will not be collecting the TCS from the suppliers who had a turnover not exceeding INR 20 lakhs and also not registered under the GST.
According to the polls, it has been ascertained that the center may postpone the new format of GST return filing developed for simplified monthly returns for the Goods and Services Tax (GST).
The lenient non-filers and nil filers of GST returns will have a one-time amnesty scheme from the government to deregister the GST (Goods and Services Tax) Council.
The GST department has recently prepared a complete list of taxpayers from 9 districts earmarking 8 thousand such firm owners who are not filing GST returns from last one year.
As per the people who are aware of the matter, approx. all the major banks are ready to charge 18 percent GST on the free services.
Finance Minister Arun Jaitley has made up his mind to create a federal institution like GST Council for the farm sector and healthcare.
Almost all the traders are in problem due to the goods and services tax annual return form which is to be filed by the year-end i.e. 31st December.
Metropolitan Tax Bar Association is set to organize a seminar on GST and difficulties coming while filing GSTR 9 annual return form on the GSTN portal.
Digital is one word that would be synonymous to the year 2018 in India. From GSTN to e-Way Bill, the finance sector, by far than any other Industry, went through the most aggressive digital; makeover in recent years.
