The Principal Commissioner GST Policy at CBIC has hinted at the government’s plans to shelve the implementation of the new return filing mechanism – which was earlier proposed to be implemented with effect from 1 October 2020. Further, he also shared that the government is set to increase the turnover limit for the applicability of e-invoicing to businesses to INR 500 crore from the earlier prescribed threshold of INR 100 crore for all B2B supplies.
Source: skpgroup.com
Latest Posts in "India"
- India to Impose New Health and Security Tax on Tobacco Machinery, Amend GST Compensation Levy
- Punjab Trade, Tax Bodies Threaten Statewide Stir Over Delayed VAT, GST Refunds
- Briefing Document & Podcast: E-Invoicing and E-Reporting in India
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
