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Today GST Council Meeting

Pankaj Rawat (GST Practitioner) (55047 Points)

04 May 2018

*GST MEETING OUTCOME – NEW RETURN FILING PROPOSAL*
• New Return filing mechanism will take about 6 month
• Than after Single Monthly return
• Nil Return & Composition dealer on Quarterly basis
• Provisional credit will be allowed irrespective of seller’s matching report
• Purchase will have to monitor its Credit between Eligible Credit& Provisional Credit.....

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5 Replies

Mayur (Free Learner) (334 Points)
Replied 04 May 2018

they could have allow to revise the filed returns. That would be a great relief for tax payers as well as for professionals.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (171414 Points)
Replied 04 May 2018

Khoda Pahad.........

Nikla Chooha.......

1 Like

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 04 May 2018

Correct Mayur ji , reced the press release , 3b will continue 6 months , monthly 1 return concept is going to implement

Mayur (Free Learner) (334 Points)
Replied 04 May 2018

Yes Pankaj ji, again a new format for return and no discussin over reverse charge mechanism. Sometimes feels that I should shift to other profession or business. Working till midnight in other business could give better returns.

Quarterly return filing and revise return must be permitted, and governement should learn that from past failure. Lets hope for good.

Government should learn that public at large are illiterate and could not afford fees of professionals.

Lets hope for some relief for us as well in future.

1 Like