Government will be releasing a new return filing mechanism under Goods and Service Tax(GST). This will be rolled out from October, 2019 for big businessmen and from January, 2020 for small businessmen. The traders/businessmen having zero transactions or nil filers could now file returns through SMS. For those dealing with business to consumer with an… Continue reading New GST return filing system from October 2019
Tag: GST Returns
No input tax credit if GST returns not filed, says HC
The Telangana high court has ruled that no input tax credit will be available unless GST(Goods and Services Tax) returns are filed.The court has also said that the taxpayer is liable to pay a penalty on the total liability. The ruling came after a company had delayed filing the GST returns.The tax authorities demanded 18%… Continue reading No input tax credit if GST returns not filed, says HC
