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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.
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 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.
A 3 Step Plan for Companies to Comply with Anti-Profiteering Provisions of GST