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Interest calculator soon in GSTR-3B for delayed monthly tax payment

GST Network, which provides technology backbone for the indirect tax regime, will shortly release interest calculator functionality in monthly tax payment form GSTR-3B to help taxpayers in calculating interest for delayed tax payment. This new functionality will compute the minimum interest applicable on the basis of the values declared by the taxpayers in GSTR-3B for a
Gst Network Services Tax Associates Senior Partner Rajat Mohan Senior Partner Rajat Mohan Business News Gstr 3b

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New 'core entity' feature in filing GST to curb fake bills menace

New core entity feature in filing GST to curb fake bills menace A GSTN spokesperson says the idea behind the new feature is to check the practice of circulation of ITC within a company Dipak Mondal | March 8, 2021 | Updated 15:43 IST Once an entity mentions its core business activity, tax authorities can confront it if it raises high-value invoices for unrelated services The GST Network (GSTN) has enabled a new feature that requires the taxpayer to select one core business activity on the GST ...
Rajya Sabha Rajat Mohan Service Provider Input Tax Credit Future Group Gst Network

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