Viewing posts for the category GST
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.
Read more to know how the businesses who have taken registrations as Input Service Distributors (ISD) need to distribute the ITC credit and comply with GSTR 6 requirements.
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.
3 months, 1 week ago
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.
10 facts about 'Supply' in GST which will be ?the?deciding factor in your invoicing and ultimately taxation