Finance ministry lauds GST, says it reduced tax rates on household goods, brought relief to every homeThe Finance Ministry on Monday praised the Goods and Services Tax (GST) system on the occasion of its seventh anniversary, highlighting its...
Companies to submit bank details to GST officers within 30 days of registration to avoid suspension, says GSTN"Taxpayers are therefore advised to promptly furnish their bank account details, who have not provided it so far if 30 days period is short...
Now, only four GSTR-3B returns a year instead of 12This comes after the government introduced the Quarterly filing of Return with Monthly Payment (QRMP) scheme as part of ongoing reforms.
QRMP scheme launched for GST payers with turnover up to Rs 5 croreTaxpayers can make GST payments through challan every month either by self-assessment of monthly liability or 35 per cent of net cash liabi...