The government may review the requirement of filing at least three returns every month under the GST regime with a view to easing compliance burden of taxpayers, officials said. Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every...
With the aim of having higher compliance, the government has announced a one-time late fee waiver for the returns filing under GSTR-1 for the period of July 2017-September 2018 until October 31 of this year. GSTR-1 is the return filed for claiming returns on sales...
Highlights of the meeting : Digital Payments : 1. Incentives in the form cashback will be offered on the GST component of the bill for payments made digitally. 2. Digital modes will include payments through – a. Rupay Debit card b. BHIM UPI c. UPI Aadhaar d. USSD...
The extended date of filing income tax returns (ITR) ended last night. The only exception for this is Kerala, where the due date has been further extended to September 15 in wake of the severe floods that created havoc in the state. Over five crore income tax returns...
With the extension of due date for filing tax returns, some simultaneous changes have also been made in the online and offline ITR forms, among others. Here’s all you need to know. All of you must be aware that for filing income tax returns for the...
A spurt of first-time entrepreneurs is driving growth of franchise industry in India, which is pegged to touch around $150 billion in size in the next five years, according to a top official of Franchise India. With a lot of professionals, especially from IT...
