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GST UPDATE

Posted on November 22, 2017 By admin
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  • GST Network (GSTN) will provide a facility for businesses/taxpayers to make changes to their August and September GSTR-3B return forms from November 20.
  • nearly 2 lakh taxpayers couldn’t file returns due to lack of editing facility.
  • Though taxpayers were allowed to make changes in July GSTR-3B return form, the facility was not available for the following months.
  • The GST Council has reduced tax rate from 28% to 18% for 175 products.
  • “Minister for consumer affairs, food and public distribution Ram Vilas Paswan has already asked manufactures to print on products both pre-GST and revised MRP after GST. Manufactures must pass the benefits to customers,” he added.

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