*GST MEETING OUTCOME – NEW RETURN FILING PROPOSAL*
• New Return filing mechanism will take about 6 month
• Than after Single Monthly return
• Nil Return & Composition dealer on Quarterly basis
• Provisional credit will be allowed irrespective of seller’s matching report
• Purchase will have to monitor its Credit between Eligible Credit& Provisional Credit.....
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Today GST Council Meeting
Replies (5)
they could have allow to revise the filed returns. That would be a great relief for tax payers as well as for professionals.
Khoda Pahad.........
Nikla Chooha.......
Correct Mayur ji , reced the press release , 3b will continue 6 months , monthly 1 return concept is going to implement
Yes Pankaj ji, again a new format for return and no discussin over reverse charge mechanism. Sometimes feels that I should shift to other profession or business. Working till midnight in other business could give better returns.
Quarterly return filing and revise return must be permitted, and governement should learn that from past failure. Lets hope for good.
Government should learn that public at large are illiterate and could not afford fees of professionals.
Lets hope for some relief for us as well in future.
Right Mayur ji
Not a single peny work done from 1/7/18 onwards except GST Return filing
Not a single peny work done from 1/7/18 onwards except GST Return filing
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