The Goods and Service Tax Network (GSTN) is going to enhance the system performance and further ease the operationality for taxpayers and departments by way of auto-computation of interest, enabling EVC option even for companies/LLPs, advance ruling Search facility, etc. In respect of returns the Auto-Interest Computation in R-3B/CMP-8/R-5, Negative Liability in GSTR-3B, and Changes in Comparison Report to be soon available on the GST Portal.
Source Taxscan
Latest Posts in "India"
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions
- Traders Face Penalties for Not Passing GST Reductions to Customers, Warns Government
- CBIC Clarifies GST Implications on Secondary or Post-Sale Discounts for Businesses
- India Slashes GST on Drones to 5%, Boosting Domestic Manufacturing and Sectoral Growth
