Page 3 - Gstn

GST facelift: Electronic invoicing, new returns to be introduced in 2020

In the e-invoicing system, the invoices are authenticated electronically by GST Network (GSTN) for further use on the common GST portal.

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

GST Council to set up grievance redressal mechanism for taxpayers

The committee will meet once every quarter or more frequently as decided by the co-chairs

GSTN to be converted into a fully govt-owned company in 3-4 months: CEO

The GST Council had decided to convert it into a fully govt-owned company in May, 2018

FM holds first of a series of meetings with CAs, traders on simplifying GST

The new GST return is available on the portal for trial; consultations will be held across country on December 7 to get feedback on the new system

Only 7% taxpayers will be required to submit monthly GST returns

GSTN is currently conducting outreach programmes to make the industry familiar with the new return system.

GSTN should test system, fix deficiencies before roll-out to public: CAG

Commenting on the GST implementation, the report said one significant area where the full potential of GST has not been achieved is the roll-out of the simplified tax compliance regime

GST Network offers free accounting and billing software to MSMEs

This software would help businesses create invoices and account statements, manage inventory and prepare GST returns

Former GSTN chairman joins board of online talent assessment firm Wheebox

Kumar, an IAS officer from the Bihar Cadre of 1975 batch, had served as the GSTN chairman from March, 2014 to August, 2017

More leeway now in e-way system

Even the transporter or consignee is not allowed to generate another e-way bill on the same invoice number of that consignor, if one has already been generated by the latter

Cabinet clears proposal to convert GSTN into government-owned company

Fifty per cent stake will be owned by the Centre and the remaining by the states on pro-rata basis in the new structure

Cabinet likely to consider converting GSTN into a govt entity today

Converting GSTN to a government company may be considered by the Cabinet tomorrow

Ministerial panel to take stock of GSTN, new software for returns tomorrow

The focus of the GoM meeting would be on preparedness to shift to a new format for GST return filing

GSTN to arm tax officers with tools to analyse data to check evasion

GSTN currently only provides support to tax officers on data analysis

GST Council gives nod to convert GST Network into a govt-owned company

The Centre will own 50% of the GSTN, while the remaining 50% will be collectively held by states

GST Council to take a call on converting GSTN into a govt-owned company

'Hiring and firing' was faster since it was a private company says GSTN CEO Prakash Kumar

Hire and fire policy sets us apart from a govt body, says GSTN CEO

If the rates change, they have no impact on the system as they have been kept out, says Prakash Kumar

Misplaced logic: Protecting GSTN data needs more than a change in ownership

GSTN handles massive amounts of data; by now, over 10 million businesses have already registered on the GSTN portal

Examine possibility of converting GSTN into govt-owned firm: FM to Adhia

The move came after there were reports of leakages of data, including those allegedly by Facebook and Cambridge Analytica

GSTN brings in option for monthly, quarterly filing of forms

Taxpayers with annual aggregate turnover up to Rs 1.5 crore in the previous financial year or anticipated in the current financial year can avail the option of filing quarterly returns