Goods and Service Tax Network (GSTN) is planning to introduce certain new features/changes to the existing GST returns. The proposed changes may include delinking of original invoice details with credit and debit notes, auto calculation of liability from GSTR 1 into GSTR 3B, inclusion of additional features in GSTR-2A/6A, availability of FORM GSTR 2B etc. Further, E- invoicing is proposed to be implemented from 01 October 2020 for taxpayers with turnover INR 5bn or more.
Source: BDO India
Latest Posts in "India"
- High Court Clarifies GST Treatment of Corporate Guarantees Without Consideration
- West Bengal AAR Rejects Hotel ITC Advance Ruling Over Pending GST Proceedings
- IMS vs Purchase Register: GST Reconciliation Guide
- Rajasthan AAAR: Compostable Bags Taxable at 5% Only if Biodegradable
- Tamil Nadu AAR: GST on Foreign Director’s Commission, Export Agents Exempt, C&F Taxable
