Quick Summary
Simplified GST Return to be Implemented from 1st April, 2020 To weed out Dummy or Non-Existent Units Aadhaar Based Verification of Taxpayers to be introduced Dynamic QR-Code proposed for Consumer Invoices A simplified GST return will be implemented from the 1st April, 2020.While presenting the Un
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The simplified GST return is planned for implementation from 1st April, 2020, and is currently under a pilot run.
Aadhaar-based verification is being introduced to help weed out dummy or non-existent units within the GST system.
A dynamic QR-code for consumer invoices is proposed to capture GST parameters when payment is made through the code, potentially incentivising customers to seek invoices.
The simplified GST return will feature SMS-based filing for nil returns, return pre-filling, improved input tax credit flow, and overall simplification.
Measures include Aadhaar-based verification, invoice and input tax credit matching for discrepancies, and the phased introduction of electronic invoicing.
CAclubindia
