Tax Compliance Needs To Be Eased Further: FM Sitharaman On GST Day

[ad_1] FM Nirmala Sitharaman issued a message on GST Day In an official message on the occasion of GST Day, Finance Minister Nirmala Sitharaman on Wednesday said that more efforts are required to ease tax compliance further for the taxpayers, especially the micro, small and medium enterprises (MSMEs). Wednesday marked the third anniversary of the launch of […]

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Government Cuts Interest On Delayed Filing Of GST Returns By 50%

[ad_1] Goods and Services Tax: Nirmala Sitharaman There will be no late fee for those who have no tax liability and have not filed returns between July 2017 and January 2020, the government announced today while easing compliance rules for Goods and Services Tax (GST) compliance norms at its first meeting since the nationwide lockdown […]

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Centre Allows Filing Of SMS-Based Nil GST Return, To Benefit 22 Lakh Taxpayers

[ad_1] The status of the returns filed using the facility can be tracked through the GST portal The government allowed the filing of nil monthly returns of goods and services tax (GST) through an SMS-based facility, in a bid to facilitate the taxpayers. Businesses with a nil GST liability in a month will be able […]

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GST Council To Meet Next Month, Government Not Looking To Raise Non-Essential Item Rates

[ad_1] GST Council will hold a meeting next month The finance ministry is not in favour of increasing goods and services tax rates on non-essential items in the next month’s meeting of the GST Council, despite depressed revenue collections due to the nationwide lockdown to contain the spread of COVID-19. If goods and services tax […]

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Finance Ministry Not Planning To Impose Calamity Cess On GST: Report

[ad_1] Finance ministry sources have denied reports of a coronavirus calamity cess on GST The government has no plans to impose calamity cess on the Goods and Services Tax (GST) to tide over the economic crisis caused by COVID-19 and the lockdown imposed to prevent its spread, news agency ANI reported on Saturday, quoting finance […]

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