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GSTR-2A, the GST return form which was introduced by the government in order to get the tax return simplified for all the purchase inwards of a business for matching purpose with the supplier.
Finally, it is suggested that the annual GST return form will be able to help the revenue department to find out any possible tax leakage and will keep an eye on all the financial transactions of the taxpayers.
As evident from the current amendment in GST and its implementation, also the simplification made in GST credit input return, it seems as if the Government and the Tax department are working in collaboration to sort out all the discrepancies and fallouts of the process in order to make the system apparent and transparent.
The input credit returns for all businesses could now be easily claimed. The GST return process has been simplified by the central government by the introduction of GSTR-2A form.
After the havoc created on Tuesday due to increased petrol and diesel prices, the government has frozen the fuel prices for Wednesday and it remained fixed to Rs.86.72 and Rs.75.74 for petrol and diesel respectively.
From the recent circulars passed in the context of Tax and GST, it is crystal clear that the central GST authorities, in collaboration with the State GST authorities
Discount on Goods and services tax will be soon offered by the government but if the payment is done through 2 specified options including one BHIM App launch by NPCI and by RuPay card of banks.
GST authorities are reportedly working on methods to ensure better tax compliance, including timely return filing and tax payments, from micro, small and medium enterprises (MSME) of the country.
India is a land for spiritualism. While religion in India has been a major political demarcation point, its economic viability is not unknown to many.
