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.
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.
The total GST collection will jump Rs 90,000 crore per month, a top official from Central Board of Excise and Customs (CBEC) said.
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.
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.
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.
Moving away from the complicated system of filing 3 returns per month, the GST Council is likely to accept a single monthly return with the attachment on sale and purchase. NEW DELHI, FEBRUARY 16 Bringing relief to the taxpayer, the GST council to meet in March finalize a new and simplified return filing format.
New Delhi. The exporters GST refund Pending 80% so the exporters of the country have been stuck for the past seven months. Funds problem to small exporters is so high that they are not taking new orders because they do not have the cash to complete the order.
New Delhi, E-way bill will be a key issue in the GST council meeting on 18 January. This is because the trader businessman is still not in favor of implementing it from February 1. In this connection, there has been a meeting between the state representatives and the traders, in which there is a broad agreement […]