Final call at September 20 meeting: GST Council may lower levies on auto, biscuits
The Goods and Services Tax (GST) Council could lower levies for sectors such as automobiles, biscuits and other fast-moving consumer goods (FMCG) at its September 20 meeting, said people with knowledge of the matter. It could also discuss raising the lowest slab of 5% to as much as 8%. That could set the ball rolling […]
‘GST return form too complex to meet filing deadline’
‘Small businesses face huge challenge in preparing GSTR-9’ Although the government has postponed the deadline for the filing of annual returns under the Goods and Services Tax (GST) for the fourth time, tax analysts say that the problems with the form are so confounding that most filers won’t be able to meet even the new […]
Why the Government should waive off GST Return as opposed to extending deadlines
The introduction of destination-based consumption tax in the form of GST was one of the biggest reforms the current Government brought in. Although GST was been introduced with the intention of simplifying the system of Indirect Taxation and thereby increasing the ease of doing business in the country, the inadequate preparation, lack of clarity/ awareness […]
Deadline to file GST annual returns extended till Nov 30 after glitches
The last date for filing annual GST returns has been extended by three months to November 30 to help taxpayers facing technical problems in furnishing returns, said the Finance Ministry on Monday. “It is hereby informed that the last date for furnishing of annual return in the Form GSTR-9 / Form GSTR-9A and reconciliation statement in […]