The Kerala Model at the crossroads
Updated:
Updated:
April 04, 2021 23:45 IST
The role of planning and social oversight in the economic development of the State needs to expand further
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The role of planning and social oversight in the economic development of the State needs to expand further
Will the CPI(M)-led Left Democratic Front (LDF) be re-elected in the upcoming polls in Kerala, or will the Congress-led United Democratic Front (UDF) return to lead the government? The election results will have a major bearing on the path of development that the State would take in the coming years.
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The government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST. These tax filers will now be permitted to declare invoices pertaining to movement of goods and services in their quarterly return form GSTR 1 to be filed in the last month of each quarter. As per an advisory issued by the Goods and Services Tax Network (GSTN), the taxpayer must ensure that any saved but not Filed/Submitted IFF (Invoice Furnishing Facility) records for the first two months of the quarter i.e. month of Jan-2021 or Feb-2021 must be deleted using RESET button before filing GSTR-1 for Jan-Mar-2021 quarter.
Photo: Shutterstock At nearly Rs 1.24 trillion, the goods and services tax (GST) revenue collections in March 2021 were the highest since the tax system s introduction in July 2017, government said on Thursday. Also, the collections were up 27 per cent when compared with the year-ago period. The government said that the GST revenues were above Rs 1 trillion for the last six months and a steep increasing trend over this period are clear indicators of rapid economic recovery post pandemic. Closer monitoring against fake-billing, deep data analytics using data from multiple sources including GST, Income-tax and Customs IT systems and effective tax administration have also contributed to the steady increase in tax revenue over last few months, it said.
FM appeals assessees to file GST return 4-5 days in advance before due date
FM appeals assessees to file GST return 4-5 days in advance before due date
Finance Minister Arun Jaitley On Thursday Appealed To Assessees That They Should File Their Goods And Services Tax (GST) Return 4-5 Days In Advance Before Due Date To Avoid Last Minute Glitches.
News Nation Bureau | Edited By : Ashish Ranjan | Updated on: 21 Sep 2017, 11:54:33 AM
New Delhi:
Finance Minister Arun Jaitley on Thursday appealed to assessees that they should file their Goods and Services Tax (GST) return 4-5 days in advance before due date to avoid last minute glitches.