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On March 10, The GST Council will meet for its 26th meeting since the new GST Tax was levied last year. The deadline for filing of sales return i.e the GSTR-3B may be increased by three months till June.
Today, an official said that the GST Council will look after in finalizing the simpler version of GST return filing module that is proposed by Nandan Nilekani on the 26th meeting that will be going to held on March 10th.
The State Bank of India (SBI) has recently released an Ecowrap report titled ‘The Arithmetic of GST Collections’, according to which the Goods and Services Tax (GST) revenue collection for 2018-19 may increase at a rate of 14 to 16 percent
Gst council meeting is scheduled on Saturday to have to the discussion over the two important topics- the successful implementation of the e-way bill and the lower collection of goods and service tax(GST) under the composite scheme.
Approximately 70,000 co-operative Housing Societies have noticed crossing an annual turnover of Rs. 20-lakh in Mumbai, Maharashtra have to register under new indirect tax regime, as per the report generated by The Times of India.
It has been almost eight months since the Goods and Services Tax (GST) was launched in India and it is still going through changes. GST is far from a stable state.
In the starting of January, the GST network (GSTN) Chairman Ajay Bhushan Pandey has said, 55 lakh goods and services tax (GST) returns has been filed so far, which is a rising curve of assessees under the country new tax regime.
The restaurant industry in Mumbai and Bengaluru feels good after the implementation of Goods and Services Tax (GST) and has been largely positive.
In the upcoming 26th, GST council meeting which is to be held soon may not see any inclusion of real estate within the GST scheme as many of the states is not ready to give up the stamp duty revenue which is garnered in a huge number.
