About 70% of the assessees under the Goods and Services Tax (GST) had filed detailed sales returns for July on Tuesday, as it was the official deadline. No further extension was given as earlier the GST filing deadline had been extended twice earlier. About 4.59 million entities of the eligible 6.5 million filed the Goods and … Continue reading “Only 70% filed accurate GST Returns for July”

The exporters particularly from Micro, Small and Medium Enterprises (MSME) hardly have financial adequacy to pay their GST liabilities for 3 months without having a refund in the interim. For the leisure of MSME category, the Central Government is considering a proffer from the industry to allow small firms to file quarterly returns even as … Continue reading “Quarterly GST Returns for Small Businesses”