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Viewing posts by Shilpa Dhobale

About Shilpa Dhobale

Shilpa Dhobale is a Management Accountant and holds a Master’s degree from Mumbai University with specialisation in accounts. Shilpa is currently spearheading the GST functional team at IRIS bringing her deep domain experience to product design and development. Shilpa started her career with IRIS in 2005 and has played a significant role in setting up the Consulting Practice in IRIS. Over her 13+ years in the area of information standardization, she has worked with several regulators to formulate and roll out their digital reporting strategies.

Overview of New GST Returns

The previous GST Council meeting approved the simplified process and format for GST returns. The new GST returns are now released for stakeholder feedback and comments. Here are key highlights of the new GST returns and process.

Updates from 28th GST Council Meeting on Return Simplification

The 28th GST council meeting was held on 21 July 2018. In the meeting, the new return formats and process were approved. Single monthly return for most of the taxpayers will be a reality.

Analysis of the changes expected under Simplified GST Returns

The GST Council, in its last meeting on 4th May 2018, decided to go ahead with Simplification of Returns based on the recommendations placed by GoM led by Shri Sushil Kumar Modi. The roll-out is expected to happen over a period of a year and many measures have been taken to reduce the burden on the taxpayers and ease out the filing process. Monitoring and other mechanisms to keep a watch on reporting of fraudulent transactions have also been one of the considerations while devising the new process for GST returns. 

6 Things You Need to Know about E-way Bill

Some key rules and aspects about E-way Bill