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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.

10 Facts You Need to Know about Supply in GST

10 facts about 'Supply' in GST which will be ?the?deciding factor in your invoicing and ultimately taxation

The Great Indian Pricing Trick in GST!

The Great Indian Pricing Trick in GST!

Three Key Factors to Optimize Your Supply Chain in GST Regime

The Goods & Services Tax is one step closer to reality with the rates of most products being announced yesterday, May 18, 2017. Based on the proposed rates, it does seem that most products will see reduced costs due to a reduction in cascading tax in the supply chain.