In the previous GST council meeting, the principles and approach for return simplification had received a nod and a committee for finalising the return formats and process was formed. In the meeting today, the new return formats and process were approved.
The 27th GST council, in its meeting held today on 4 May 2018, has taken the key decision on simplifying the return filing process. The Council has given go-ahead for new filing process and it will be rolled out in 3 phases.
In recent few months on GST portal, many new features have been updated to help taxpayers while transacting through GSTN for return filing or for reconciliation between two returns etc.
Summary of GST Circular 161 talks about clarification relating to the export of services-condition (v) of section 2(6) of the IGST Act 2017. Read here…
Here’s an elaborate recap of the year 2020. All the happenings and changes on the GST front and at IRIS GST | GST system changes in 2020. Read more...