Today everyone is talking about Goods and Services Tax (GST). It is the most compact, simple yet confusing system of taxation to be rolled out in India from 1st Day of July,2017 and will demolish number of wide indirect taxes such as Value Added Tax (VAT), Service Tax and Excise.
1. GST Council decided to implement GST from 1st Day of July, 2017. 2. Relaxation in Return filing for the first 2 months (July and August): a summary return will required to be filed on self-declaration basis (in GSTR-3B) for first 2 months i.e. July and August by 20th day of next month. i.e. by 20th […]
