GST

  • E-invoicing of GST compulsory from Oct 1, with higher threshold
    NEW DELHI, JULY 23 (IANS): The government proposes to roll out compulsory e-invoicing of GST from October 1, but has decided to raise the threshold to exempt smaller entities from this compliance, an official said on Thursday. Accordingly, e-invoicing will be mandatory only for businesses with turnover of Rs 500 crore or more. Those, on the other side of the threshold, will be exempted from the compliance burden, for the time being. The threshold for mandatory e-invoicing -- a st
  • FM stresses on role of tax admin for 'Aatma Nirbhar Bharat'
    NEW DELHI, JULY 1 (IANS): Finance Minister Nirmala Sitharaman on Wednesday said that the GST administration will have a major role to play in the objective of 'Aatma Nirbhar Bharat' or self-reliant India and it must foresee the challenges faced by Indian companies to help them compete globally.   In a message on GST Day, Sitharaman said that the department has the strive to make the tax administration simple to bring in more ease of doing business.   "
  • Govt offers filing of NIL GST statement in form GSTR-1 through SMS
    NEW DELHI, JUNE 27 (IANS): In a major move towards taxpayer facilitation, the government on Saturday allowed SMS filing of NIL GST statement in GSTR-1 form with effect from the first week of July.   This would substantially improve ease of GST compliance for over 12 lakh registered taxpayers who had to otherwise log into their account on the common portal and then file their statement of outward supplies in form GSTR-1 every month or each quarter.   With the facil
  • NLA passes amended GST & livestock marketing bills
      Our Correspondent Kohima | February 10 Two government bills- The Nagaland Goods and Services Tax (Amendment) Bill 2019 and The Nagaland Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Bill, 2020 have been passed on the floor of the House today. Mentionably, Nagaland Goods and Services Tax (Amendment) Bill 2019 and  Nagaland Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Bill, 2020 were introduced in the Hous