Puneet Taneja
Quick Summary
Goods and Services Tax (GST) in India Goods and Services Tax is the tax levied by the Indian Government on the procurement of goods or services in the country. The tax was introduced in the year 2017. The tax has replaced all the other indirect taxes, like Value Added Tax (VAT), and compressed th
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FAQ :
GST, or Goods and Services Tax, is a tax levied by the Indian Government on the procurement of goods or services, introduced in 2017 to replace various indirect taxes with a single tax system.
The due date for furnishing GSTR-9 and GSTR-9C for the 2018-19 period was extended from 30th September 2020 to 31st October 2020.
Yes, there has been relief in late fees for taxpayers filing forms like GSTR-4, GSTR-10, GSTR-3B, and GSTR-1.
New functionalities have been made available for composition taxpayers, including the ability to file Form GSTR-4 Annual Return on the GST Portal and using an offline tool to prepare it.
GSTR-2B is an ITC (Input Tax Credit) statement that has been made available on the GST Portal for taxpayers.
Yes, there was an update regarding the enabling of the e-invoice portal, accessible at https://einvoice1.gst.gov.in/.
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