Currently Browsing: GST News 2018

one GST return

Big relief for businessmen, one GST return will be filled every month

The council also decided to turn GST Network (GSTN) into a wholly owned government company. New Delhi:- GST Council has simplified the process of filing returns, giving great relief to the businessmen. Businesses now have to file only one GST return in a month. Those people whose turnover is Nil, will have to fill the […]

Continue Reading
GST Filing simplification

GST Filing simplification to be rolled out soon: Hasmukh Adhia

Ministerial panel meeting decided to roll out a new simplified model for GST return filing system in single-page, according to new system credit could be given on a provisional basis once the supplier uploads the sales invoice.

Continue Reading
Income Tax Return Filers

Nearly 1 crore Income Tax Return Filers Added In 2017-18

New Delhi: More Indians are now Income Tax Return Filers nearly 1 crore new filers joining new tax filers joined the 2017-18.  The income tax department said during 2017-18 26% surge in income tax returns filed for the year with filing of 6.8 crore income tax returns as against 5.4 crores returns in the […]

Continue Reading
The GST Tax

Trade with Zero tax liability may get to file GST returns twice a year

When GST was applied on First of July 2017, traders were mandatory to file 3 returns in a month, and  1 annual return, almost total 37 returns in a year. NEW DELHI, MARCH 25 Trade with Zero tax liability for last six months under GST may soon get relief once the proposal to allow such traders […]

Continue Reading
Exporters to discuss on GST refunds

CBEC member holds meeting with exporters to discuss on GST refunds

NEW DELHI: In a bid to expedite GST refund clearances to the exporter, the CBEC (Central Board of Excise and Customs) today held a meeting with leading industry and exporters to discuss on GST refunds for clearing the pending dues.

Continue Reading
GST collection will jump

GST collection will jump Rs 90k cr a month from April: CBEC

The total GST collection will jump Rs 90,000 crore per month, a top official from Central Board of Excise and Customs (CBEC) said.

Continue Reading
World Bank Reports on GST

World Bank Reports on GST of India, difficult, questioned at huge rates

The World Bank says that India’s GST law is a bit complicated by the tax system of other countries around the world. World Bank has said this in a report.

Continue Reading
26th gst council meet

Announcements can be done at GST Council Meeting on Saturday

The GST Council meeting to be held on 10 March, In the meeting traders, are expected to get big discounts in the case of filing tax returns.

Continue Reading
New Features in Returns

GSTN provides New Features in Returns

The Goods and Services Tax Network (GSTN) added some new features in Returns Form GSTR-1 and GSTR 5 Form. According to the communication issued by the portal, a field to enter cess amount paid on exports has been provided in table 6A of GSTR 1 Form.

Continue Reading
GST rules set to be simplified

GST rules set to be simplified further in Next GST Council Meet Which is held on 27 Feb through Video Conferencing

The 26th meeting of the council, held through a video conference, is expected to take measures that will make compliance easier for small businesses and traders, said the report.

Continue Reading