This August 2020 edition of Tax Talk, a monthly Goods & Services Tax bulletin, covers crucial updates for businesses. It details the resolution on interest calculation for late GST payments, clarifying it's now based on net liability. The newsletter also provides information on the upcoming e-invoicing system, the convenience of filing Nil returns via SMS, and updates for composition dealers. It's essential reading for business owners and tax professionals seeking to stay informed about GST compliance and recent changes.