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The authorities recently clarified that GSTN website that contains a database of GST taxpayers’ information can neither be accessed by the Goods and Service Tax Network nor it can be shared with anybody,
Here we have described all the GST forms starting from GSTR 1 to the GSTR 11 along with their filing process in a detailed manner. The information is based on all the form introduced by the GST council while implementing GST in India. GSTR forms are mandatory to be filed by the registered taxpayers under […]
According to a blog published on Asian Development Bank’s website, the lower and lower-middle income class people will get benefited from the recently implemented Good and Services Tax (GST) Regime in India. It is expected that the new regime reduces the tax rates on goods.
GSTR 2 is a tax return form that is used for filing the details of inward supplies of goods or services for taxation purpose. The form will be filled online on the GST portal after registration
The GST Council has released GST return forms which are duly filled up every month for the return purpose. Along the 11 return forms, there are three forms which are considered to be significant and are to be filled up every month regularly. However, the forms are equal to everyone and include all the traders and merchants alike.
One of the experts in market studies and industry research stated that the Cess which is introduced in the GST for compensating the loss of the states can possibly be dropped after five years in the lieu of the structured tax system which will otherwise fulfill the revenue of state government.
Indian Armed Forces Canteens have sounded red alarms due to the implementation of the Goods and Services Tax (GST) Regime, nearly 1,700 armed force canteens may soon have to shut their doors if they will not provide GST exemptions similar to the defence- run CSD’s.
The Comptroller and Auditor General (CAG) is working to finalize an ‘End to End IT Solution’ to review the Goods and Services Tax (GST).
The textile association finally chose to get back to their work after warning the government by replying their angst through vote banks.The union finance minister Arun Jaitley clearly denied the exemption of textiles from 5 percent duty of GST due to some other credit input issues.
