GSTN, in a statement said, since GSTR-1 and GSTR-3B are filed independent of each other, a need was felt to provide facility to view liability declared in both the forms at one place.
On the eve of the last GST Council meet of the year, Chaiti Narula talks to Moneycontrol's Shreya Nandi to discuss the impact of a rate cut on different sectors, and also the ramifications of lower tax collections for the economy at large.
GST Network Chief Executive Prakash Kumar said third-party audit is a standard practice which is followed by banking and financial institutions.
GST Network (GSTN), the company handling the technology backbone for Goods and Services Tax, has over the last 11 months provided a platform for businesses to file their returns and pay taxes every month.
The analytics company to be roped in will have the mandate for designing and developing a Fraud Analytics System.
Businesses and transporters moving goods worth over Rs 50,000 from one state to another will have to carry an e-way bill from April 1
"A new functionality has been introduced on the GST portal for ease of the taxpayers under which questions will be posed as soon as the taxpayer enters the Returns dashboard and only relevant tiles will be displayed to the taxpayers based on the answers to the questions posed," the GST Network said in a statement.
"The facility to revise Form GST TRAN-1 declaration has been introduced on the GST Portal for taxpayers who had already filed it prior to November 9, 2017," GSTN said in a statement.
An exporter can claim refund of Integrated GST tax paid at the time of export by filling the details of shipping bill and tax paid GST invoice in his Form GSTR1 in the relevant month.
Of the total 87.33 lakh registered businesses on the GSTN, which manages the IT infrastructure of the new tax regime, 68 lakh were eligible to pay taxes in August.
Finance Minister Jaitley said the GST Network had no difficulty to upload returns till last night, but when 75 percent of businesses throng the portal on a single day, there would be trouble.
Businesses can start filing their first GST returns and pay taxes for July on the portal of GST Network -- the IT infrastructure provider for the new indirect tax regime, beginning August 5, he told PTI here.
The current infrastructure is extremely robust and can handle enrolments of even 4 to 5 lakh per day, said Navin Kumar, Chairman, GSTN
Fintech startup Cleartax has lined up a $5-million investment to develop and roll out systems for Goods and Services Tax (GST) by April 1, 2017.
On today's Sebi norms on listing start-ups, S Sriniwasan, CEO of Kotak Realty Fund says there is significant value for start-ups to list in the home market. According to him, Sebi has tried to walk a middle-path as far as listing of start-ups is concerned.