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IRIS GST Blogs

Do you have missing invoices in your GSTR 1?

Your GSTR 1 could have invoices uploaded on your recipients and you need to take actions on such invoices while filing GSTR 1 returns. Read to know more about missing invoices and how to take actions.

Reverse charge, TDS and TCS provisions get deferred for another 3 months

The provisions related to tax deducted at source (TDS), tax collected at source (TCS) and reverse charge mechanism under GST have been deferred for another three months till Sept 30, 2018. Earlier this year in the GST Council meeting, these provisions were deferred till March 31, 2018 and now additional three months extension has been notified.

Generating Consolidated E-way Bill

E-way Bill provisions are effective almost in all states for inter and intra-state transactions.

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. 

GST Council Approves Simplified Return Filing

The GST council in its 27th Meeting held on 4th May 2018 has given a nod for return simplification. The new returns will be implemented in a staggered manner.