Changes in monthly GST payment form GSTR-3B? GST Council to decide next week

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[ad_1] New Delhi: The GST Council in its meeting next week is likely to consider a proposal for making changes in the monthly tax payment form — GSTR-3B, which would include auto-population of outward supplies from sales return and non-editable tax payment table, officials said. The move would help curb the menace of fake billing, …

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Centre waives late fee till June for delayed filing of GST returns

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[ad_1] New Delhi: The government on Thursday waived late fees for two months till June for delayed filing of GST returns for financial year 2021-22 by small taxpayers registered under the composition scheme. The Central Board of Indirect Taxes and Customs (CBIC) in a notification said that late fee shall be waived from May 1 …

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GST filing deadline shifted to May – Companies, taxpayers read THESE points

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[ad_1] New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing FORM GSTR-3B for the month of April, 2022 has been extended till 24th May while that of QRMP scheme in FORM GST PMT-06 has been extended till 27th May, owing to a technical glitch. “The due …

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Rationalisation of tax rates to aid in revenue buoyancy: CBIC chairman

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[ad_1] Ahead of the Goods and Services Tax (GST) Council meeting in a month or so, Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Johri on Thursday said that reforms in the rate structures and rationalisation of tax rates are crucial for improving revenue efficiency and buoyancy. GST collections have been consistently higher …

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