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"
- GSTR‑1 Filing – Due Dates, Format, Late Fees, Rules
- GSTR‑3B – Due Dates, Late Fees, Format, Filing Rules
- GSTR‑1A – Fixing GSTR‑1 Mistakes
- GST’s Credit Challenge — Why Input Tax Credit Remains the Biggest Compliance Pressure Point
- Territorial Jurisdiction in GST Matters Determined by the Location of the Adjudicating Authority
