Draft GST Report on Returns under GST on public domain
By: – Bimal jain
Goods and Services Tax – GST
Dated:- 26-10-2015<\/p>\n
Dear Professional Colleagues,
\nDraft GST Report on Returns under GST on public domain
\nIn order to engage with the stakeholders and invite comments from the public at large, the Ministry of Finance on October 6, 2015, placed the following Draft Business Processes of GST on public domain for virtual feedback of the public:
\n * Report of the Joint Committee on Business Processes for GST on Refund Process;
\n * Report of the Joint Committee on Business Processes for GST on Registration;
\n * Report of the Joint Committee on Business Processes for GST Payment Process.
\nFurther, to the above Reports, Draft Report <\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n rd supplies and a consolidated return based on these two returns. Besides that, there would be separate Return for the Input Service Distributors, non-resident taxpayers (foreigners) and Tax Deductors; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Draft GST Report on Returns under GST on public domainBy: – Bimal jainGoods and Services Tax – GSTDated:- 26-10-2015 Dear Professional Colleagues, Draft GST Report on Returns under GST on public domain In order to engage with the stakeholders and invite comments from the public at large, the Ministry of Finance on October 6, 2015, … Continue reading “Draft GST Report on Returns under GST on public domain”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-669","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=669"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/669\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n * A registered Tax Payer shall file GST Return at GST Common Portal either by himself or through his authorised representative;
\n * HSN code (4-digit) for Goods and Accounting Codes for Services will be mandatory initially for all taxpayers with turnover in the preceding financial year above ₹ 5 Crore;
\n * There would be no revision of Returns. Changes to done in subsequent Returns;
\n * All the Normal taxpayers would be required to submit Annual Return. A separate reconciliation statement, duly certified by a Chartered Accountant, wil<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n