Here’s a look at the five commonly faced problems by the GSTN users while filing tax returns
…
Tag: GSTR-1
MSMEs can now create GSTR-1 using Offline Tool & Excel Worksheet
The governmenment has taken another step to make it easy for MSMEs to create their GSTR-1 using Offline Tool and Excel Worksheet. The procedures are made available in the government website www.gst.gov.in and it is free of cost. This, would be beneficial for MSMEs sector as facilities are availab…
IndiaFilings to launch desktop based LEDGERS GST Accounting Software
Goods and Service Tax (GST) regime has started in India from 1st July 2017 impacting nearly 1 crore businesses across India. Though GST is a consumption based tax borne by the end-consumers, businesses are tasked with the responsibilities of payment, collection and remittance of GST to the Govern…
GST implementation brings textile industry to a standstill
“There are about 25 per cent of dealers who do not pay tax at all,” said Suresh Chhatwani, owner of Mumbai-based, Surkan
…
Supply chain & infra still not GST-ready, worry small traders
Ahead of the Goods and Services Tax (GST) implementation on July 1, small and medium traders have said they are not prepared in terms of infrastructure and the readiness of their supply chains for the new tax regime. “Traders are not prepared for it (GST). The biggest problem is that a large numb…
Industry body seeks special treatment for small units in GST
Laghu Udyog Bharati has called for preferential treatment of micro and small enterprises with turnover of less than Rs 2 crore, urging the government to put them under zero duty structure of GST. “We want GST to be modified. We are not satisfied with GST in the present form. The government …