Under the current return filing system, GST registered businesses file summary sales return GSTR-3B every month and pay taxes. In the new return filing system, GSTR-3B would be replaced by GST RET-1 and GSTR-1 by GST ANX-1.
Source: The Economic Times
Latest Posts in "India"
- Govt Imposes 5% GST on Horse Sales at Pushkar Fair, Buyers Flock for Marwari Breed
- Zero GST on Health Insurance Drives 38% Surge in Demand, Report Finds
- AAR Rules GST Applies to Small Packaged Shrimp Exports, Citing Retail Packaging Criteria
- Supreme Court to Decide if Leasehold Rights Transfer is Taxable Under GST Law
- Only Entity Named as Exporter in Customs Documents Can Claim Service Tax Refund: CESTAT
